$42,000 at 8% Interest for 5 Years

How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $42,000 will have grown to $61,712.
You will have earned $19,712 in interest.
How much will savings of $42,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $42k invested for 5 years at a constant yield of 8.00% 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 8% Interest
Year Amount
0 $42,000
1 $45,360
2 $48,989
3 $52,908
4 $57,141
5 $61,712
$42,000 for 5 Years by Interest Rate
Rate Amount
1% $44,142
2% $46,371
3% $48,690
4% $51,099
5% $53,604
6% $56,205
8% $61,712
10% $67,641
12% $74,018
15% $84,477
20% $104,509