$5 at 9% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 9% interest, your initial investment of $5 will have grown to $9.96.
You will have earned $4.96 in interest.
How much will savings of $5 be worth in 8 years if invested at a 9.00% interest rate?
This calculator determines the future value of $5 invested for 8 years at a constant yield of 9.00% 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 9% Interest
Year |
Amount |
0 |
$5.00 |
1 |
$5.45 |
2 |
$5.94 |
3 |
$6.48 |
4 |
$7.06 |
5 |
$7.69 |
6 |
$8.39 |
7 |
$9.14 |
8 |
$9.96 |
$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 |