$500 at 9% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 9% interest, your initial investment of $500 will have grown to $1,821.
You will have earned $1,321 in interest.
How much will savings of $500 be worth in 15 years if invested at a 9.00% interest rate?
This calculator determines the future value of $500 invested for 15 years at a constant yield of 9.00% 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 9% Interest
Year |
Amount |
0 |
$500.00 |
1 |
$545.00 |
2 |
$594.05 |
3 |
$647.51 |
4 |
$705.79 |
5 |
$769.31 |
6 |
$838.55 |
7 |
$914.02 |
8 |
$996.28 |
9 |
$1,086 |
10 |
$1,184 |
11 |
$1,290 |
12 |
$1,406 |
13 |
$1,533 |
14 |
$1,671 |
15 |
$1,821 |
$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 |