$5 at 6% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 6% interest, your initial investment of $5 will have grown to $5.96.
You will have earned $0.96 in interest.
How much will savings of $5 be worth in 3 years if invested at a 6.00% interest rate?
This calculator determines the future value of $5 invested for 3 years at a constant yield of 6.00% 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 $5 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $5.00 |
| 1 | $5.30 |
| 2 | $5.62 |
| 3 | $5.96 |
$5 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5.15 |
| 2% | $5.31 |
| 3% | $5.46 |
| 4% | $5.62 |
| 5% | $5.79 |
| 6% | $5.96 |
| 8% | $6.30 |
| 10% | $6.66 |
| 12% | $7.02 |
| 15% | $7.60 |
| 20% | $8.64 |