$40,000 at 1% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 1% interest, your initial investment of $40,000 will have grown to $43,314.
You will have earned $3,314 in interest.
How much will savings of $40,000 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $40k invested for 8 years at a constant yield of 1.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $40,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $40,000 |
| 1 | $40,400 |
| 2 | $40,804 |
| 3 | $41,212 |
| 4 | $41,624 |
| 5 | $42,040 |
| 6 | $42,461 |
| 7 | $42,885 |
| 8 | $43,314 |
$40,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $43,314 |
| 2% | $46,866 |
| 3% | $50,671 |
| 4% | $54,743 |
| 5% | $59,098 |
| 6% | $63,754 |
| 8% | $74,037 |
| 10% | $85,744 |
| 12% | $99,039 |
| 15% | $122,361 |
| 20% | $171,993 |