$5 at 6% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
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?"
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 |