$5,000 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $5,000 will have grown to $7,347.
You will have earned $2,347 in interest.
How much will savings of $5,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $5k invested for 5 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $5,000 |
| 1 | $5,400 |
| 2 | $5,832 |
| 3 | $6,299 |
| 4 | $6,802 |
| 5 | $7,347 |
$5,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $5,255 |
| 2% | $5,520 |
| 3% | $5,796 |
| 4% | $6,083 |
| 5% | $6,381 |
| 6% | $6,691 |
| 8% | $7,347 |
| 10% | $8,053 |
| 12% | $8,812 |
| 15% | $10,057 |
| 20% | $12,442 |