$500 at 7% 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 7% interest, your initial investment of $500 will have grown to $1,380.
You will have earned $880 in interest.
How much will savings of $500 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $500 invested for 15 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 $500 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $500.00 |
| 1 | $535.00 |
| 2 | $572.45 |
| 3 | $612.52 |
| 4 | $655.40 |
| 5 | $701.28 |
| 6 | $750.37 |
| 7 | $802.89 |
| 8 | $859.09 |
| 9 | $919.23 |
| 10 | $983.58 |
| 11 | $1,052 |
| 12 | $1,126 |
| 13 | $1,205 |
| 14 | $1,289 |
| 15 | $1,380 |
$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 |