$500 at 3% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 3% interest, your initial investment of $500 will have grown to $903.06.
You will have earned $403.06 in interest.
How much will savings of $500 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $500 invested for 20 years at a constant yield of 3.00% 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 $500 at 3% Interest
Year |
Amount |
0 |
$500.00 |
1 |
$515.00 |
2 |
$530.45 |
3 |
$546.36 |
4 |
$562.75 |
5 |
$579.64 |
6 |
$597.03 |
7 |
$614.94 |
8 |
$633.39 |
9 |
$652.39 |
10 |
$671.96 |
11 |
$692.12 |
12 |
$712.88 |
13 |
$734.27 |
14 |
$756.29 |
15 |
$778.98 |
16 |
$802.35 |
17 |
$826.42 |
18 |
$851.22 |
19 |
$876.75 |
20 |
$903.06 |
$500 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$610.10 |
2% |
$742.97 |
3% |
$903.06 |
4% |
$1,096 |
5% |
$1,327 |
6% |
$1,604 |
8% |
$2,330 |
10% |
$3,364 |
12% |
$4,823 |
15% |
$8,183 |
20% |
$19,169 |