$5,000 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 6% interest, your initial investment of $5,000 will have grown to $7,969.
You will have earned $2,969 in interest.
How much will savings of $5,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $5k invested for 8 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $5,000 at 6% Interest
Year |
Amount |
0 |
$5,000 |
1 |
$5,300 |
2 |
$5,618 |
3 |
$5,955 |
4 |
$6,312 |
5 |
$6,691 |
6 |
$7,093 |
7 |
$7,518 |
8 |
$7,969 |
$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 |