$42,000 at 1% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
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?"
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 |