$50 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 $50 will have grown to $85.91.
You will have earned $35.91 in interest.
How much will savings of $50 be worth in 8 years if invested at a 7.00% interest rate?
This calculator determines the future value of $50 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 $50 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $50.00 |
| 1 | $53.50 |
| 2 | $57.25 |
| 3 | $61.25 |
| 4 | $65.54 |
| 5 | $70.13 |
| 6 | $75.04 |
| 7 | $80.29 |
| 8 | $85.91 |
$50 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $54.14 |
| 2% | $58.58 |
| 3% | $63.34 |
| 4% | $68.43 |
| 5% | $73.87 |
| 6% | $79.69 |
| 8% | $92.55 |
| 10% | $107.18 |
| 12% | $123.80 |
| 15% | $152.95 |
| 20% | $214.99 |