$42,000 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 $42,000 will have grown to $45,480.
You will have earned $3,480 in interest.
How much will savings of $42,000 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $42k 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 $42,000 at 1% Interest
Year Amount
0 $42,000
1 $42,420
2 $42,844
3 $43,273
4 $43,705
5 $44,142
6 $44,584
7 $45,030
8 $45,480
$42,000 for 8 Years by Interest Rate
Rate Amount
1% $45,480
2% $49,210
3% $53,204
4% $57,480
5% $62,053
6% $66,942
8% $77,739
10% $90,031
12% $103,990
15% $128,479
20% $180,592