$6 at 1% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 1% interest, your initial investment of $6 will have grown to $6.31.
You will have earned $0.31 in interest.
How much will savings of $6 be worth in 5 years if invested at a 1.00% interest rate?
This calculator determines the future value of $6 invested for 5 years at a constant yield of 1.00% 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 $6 at 1% Interest
Year |
Amount |
0 |
$6.00 |
1 |
$6.06 |
2 |
$6.12 |
3 |
$6.18 |
4 |
$6.24 |
5 |
$6.31 |
$6 for 5 Years by Interest Rate
Rate |
Amount |
1% |
$6.31 |
2% |
$6.62 |
3% |
$6.96 |
4% |
$7.30 |
5% |
$7.66 |
6% |
$8.03 |
8% |
$8.82 |
10% |
$9.66 |
12% |
$10.57 |
15% |
$12.07 |
20% |
$14.93 |