$5 at 7% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 7% interest, your initial investment of $5 will have grown to $8.59.
You will have earned $3.59 in interest.
How much will savings of $5 be worth in 8 years if invested at a 7.00% interest rate?
This calculator determines the future value of $5 invested for 8 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 |
| 6 | $7.50 |
| 7 | $8.03 |
| 8 | $8.59 |
$5 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5.41 |
| 2% | $5.86 |
| 3% | $6.33 |
| 4% | $6.84 |
| 5% | $7.39 |
| 6% | $7.97 |
| 8% | $9.25 |
| 10% | $10.72 |
| 12% | $12.38 |
| 15% | $15.30 |
| 20% | $21.50 |