$500 at 5% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 5% interest, your initial investment of $500 will have grown to $738.73.
You will have earned $238.73 in interest.
How much will savings of $500 be worth in 8 years if invested at a 5.00% interest rate?
This calculator determines the future value of $500 invested for 8 years at a constant yield of 5.00% 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 5% Interest
Year |
Amount |
0 |
$500.00 |
1 |
$525.00 |
2 |
$551.25 |
3 |
$578.81 |
4 |
$607.75 |
5 |
$638.14 |
6 |
$670.05 |
7 |
$703.55 |
8 |
$738.73 |
$500 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$541.43 |
2% |
$585.83 |
3% |
$633.39 |
4% |
$684.28 |
5% |
$738.73 |
6% |
$796.92 |
8% |
$925.47 |
10% |
$1,072 |
12% |
$1,238 |
15% |
$1,530 |
20% |
$2,150 |