$5,000 at 5% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 5% interest, your initial investment of $5,000 will have grown to $7,387.
You will have earned $2,387 in interest.
How much will savings of $5,000 be worth in 8 years if invested at a 5.00% interest rate?
This calculator determines the future value of $5k 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?"
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 $5,000 at 5% Interest
| Year | Amount |
|---|---|
| 0 | $5,000 |
| 1 | $5,250 |
| 2 | $5,513 |
| 3 | $5,788 |
| 4 | $6,078 |
| 5 | $6,381 |
| 6 | $6,700 |
| 7 | $7,036 |
| 8 | $7,387 |
$5,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5,414 |
| 2% | $5,858 |
| 3% | $6,334 |
| 4% | $6,843 |
| 5% | $7,387 |
| 6% | $7,969 |
| 8% | $9,255 |
| 10% | $10,718 |
| 12% | $12,380 |
| 15% | $15,295 |
| 20% | $21,499 |