$42,000 at 7% Interest for 15 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
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?"
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 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