$6 at 6% 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 6% interest, your initial investment of $6 will have grown to $8.03.
You will have earned $2.03 in interest.
How much will savings of $6 be worth in 5 years if invested at a 6.00% interest rate?
This calculator determines the future value of $6 invested for 5 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $6.00 |
| 1 | $6.36 |
| 2 | $6.74 |
| 3 | $7.15 |
| 4 | $7.57 |
| 5 | $8.03 |
$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 |