$42,000 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
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?"
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 |