$6 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 3% interest, your initial investment of $6 will have grown to $7.60.
You will have earned $1.60 in interest.
How much will savings of $6 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $6 invested for 8 years at a constant yield of 3.00% 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 3% Interest
Year |
Amount |
0 |
$6.00 |
1 |
$6.18 |
2 |
$6.37 |
3 |
$6.56 |
4 |
$6.75 |
5 |
$6.96 |
6 |
$7.16 |
7 |
$7.38 |
8 |
$7.60 |
$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 |