$6 at 2% 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 2% interest, your initial investment of $6 will have grown to $7.03.
You will have earned $1.03 in interest.
How much will savings of $6 be worth in 8 years if invested at a 2.00% interest rate?
This calculator determines the future value of $6 invested for 8 years at a constant yield of 2.00% 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 $6 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $6.00 |
| 1 | $6.12 |
| 2 | $6.24 |
| 3 | $6.37 |
| 4 | $6.49 |
| 5 | $6.62 |
| 6 | $6.76 |
| 7 | $6.89 |
| 8 | $7.03 |
$6 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6.50 |
| 2% | $7.03 |
| 3% | $7.60 |
| 4% | $8.21 |
| 5% | $8.86 |
| 6% | $9.56 |
| 8% | $11.11 |
| 10% | $12.86 |
| 12% | $14.86 |
| 15% | $18.35 |
| 20% | $25.80 |