$5 at 8% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 8% interest, your initial investment of $5 will have grown to $12.59.
You will have earned $7.59 in interest.
How much will savings of $5 be worth in 12 years if invested at a 8.00% interest rate?
This calculator determines the future value of $5 invested for 12 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?"
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 8% Interest
| Year | Amount |
|---|---|
| 0 | $5.00 |
| 1 | $5.40 |
| 2 | $5.83 |
| 3 | $6.30 |
| 4 | $6.80 |
| 5 | $7.35 |
| 6 | $7.93 |
| 7 | $8.57 |
| 8 | $9.25 |
| 9 | $10.00 |
| 10 | $10.79 |
| 11 | $11.66 |
| 12 | $12.59 |
$5 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5.63 |
| 2% | $6.34 |
| 3% | $7.13 |
| 4% | $8.01 |
| 5% | $8.98 |
| 6% | $10.06 |
| 8% | $12.59 |
| 10% | $15.69 |
| 12% | $19.48 |
| 15% | $26.75 |
| 20% | $44.58 |