$500 at 6% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 6% interest, your initial investment of $500 will have grown to $1,198.
You will have earned $698 in interest.
How much will savings of $500 be worth in 15 years if invested at a 6.00% interest rate?
This calculator determines the future value of $500 invested for 15 years at a constant yield of 6.00% 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 $500 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $530.00 |
| 2 | $561.80 |
| 3 | $595.51 |
| 4 | $631.24 |
| 5 | $669.11 |
| 6 | $709.26 |
| 7 | $751.82 |
| 8 | $796.92 |
| 9 | $844.74 |
| 10 | $895.42 |
| 11 | $949.15 |
| 12 | $1,006 |
| 13 | $1,066 |
| 14 | $1,130 |
| 15 | $1,198 |
$500 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $580.48 |
| 2% | $672.93 |
| 3% | $778.98 |
| 4% | $900.47 |
| 5% | $1,039 |
| 6% | $1,198 |
| 8% | $1,586 |
| 10% | $2,089 |
| 12% | $2,737 |
| 15% | $4,069 |
| 20% | $7,704 |