$42,000 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 7% interest, your initial investment of $42,000 will have grown to $115,879.
You will have earned $73,879 in interest.
How much will savings of $42,000 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $42k invested for 15 years at a constant yield of 7.00% 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 7% Interest
Year |
Amount |
0 |
$42,000 |
1 |
$44,940 |
2 |
$48,086 |
3 |
$51,452 |
4 |
$55,053 |
5 |
$58,907 |
6 |
$63,031 |
7 |
$67,443 |
8 |
$72,164 |
9 |
$77,215 |
10 |
$82,620 |
11 |
$88,404 |
12 |
$94,592 |
13 |
$101,213 |
14 |
$108,298 |
15 |
$115,879 |
$42,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$48,761 |
2% |
$56,526 |
3% |
$65,435 |
4% |
$75,640 |
5% |
$87,315 |
6% |
$100,655 |
8% |
$133,231 |
10% |
$175,444 |
12% |
$229,890 |
15% |
$341,757 |
20% |
$647,095 |