$6 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 7% interest, your initial investment of $6 will have grown to $7.35.
You will have earned $1.35 in interest.
How much will savings of $6 be worth in 3 years if invested at a 7.00% interest rate?
This calculator determines the future value of $6 invested for 3 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $6.00 |
| 1 | $6.42 |
| 2 | $6.87 |
| 3 | $7.35 |
$6 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6.18 |
| 2% | $6.37 |
| 3% | $6.56 |
| 4% | $6.75 |
| 5% | $6.95 |
| 6% | $7.15 |
| 8% | $7.56 |
| 10% | $7.99 |
| 12% | $8.43 |
| 15% | $9.13 |
| 20% | $10.37 |