$5 at 7% 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 7% interest, your initial investment of $5 will have grown to $7.01.
You will have earned $2.01 in interest.
How much will savings of $5 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $5 invested for 5 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 $5 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $5.00 |
| 1 | $5.35 |
| 2 | $5.72 |
| 3 | $6.13 |
| 4 | $6.55 |
| 5 | $7.01 |
$5 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5.26 |
| 2% | $5.52 |
| 3% | $5.80 |
| 4% | $6.08 |
| 5% | $6.38 |
| 6% | $6.69 |
| 8% | $7.35 |
| 10% | $8.05 |
| 12% | $8.81 |
| 15% | $10.06 |
| 20% | $12.44 |