$5,000 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 $5,000 will have grown to $13,795.
You will have earned $8,795 in interest.
How much will savings of $5,000 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $5k 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 $5,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $5,000 |
| 1 | $5,350 |
| 2 | $5,725 |
| 3 | $6,125 |
| 4 | $6,554 |
| 5 | $7,013 |
| 6 | $7,504 |
| 7 | $8,029 |
| 8 | $8,591 |
| 9 | $9,192 |
| 10 | $9,836 |
| 11 | $10,524 |
| 12 | $11,261 |
| 13 | $12,049 |
| 14 | $12,893 |
| 15 | $13,795 |
$5,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5,805 |
| 2% | $6,729 |
| 3% | $7,790 |
| 4% | $9,005 |
| 5% | $10,395 |
| 6% | $11,983 |
| 8% | $15,861 |
| 10% | $20,886 |
| 12% | $27,368 |
| 15% | $40,685 |
| 20% | $77,035 |