$6 at 8% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 8% interest, your initial investment of $6 will have grown to $12.95.
You will have earned $6.95 in interest.
How much will savings of $6 be worth in 10 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6 invested for 10 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $6.00 |
| 1 | $6.48 |
| 2 | $7.00 |
| 3 | $7.56 |
| 4 | $8.16 |
| 5 | $8.82 |
| 6 | $9.52 |
| 7 | $10.28 |
| 8 | $11.11 |
| 9 | $11.99 |
| 10 | $12.95 |
$6 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6.63 |
| 2% | $7.31 |
| 3% | $8.06 |
| 4% | $8.88 |
| 5% | $9.77 |
| 6% | $10.75 |
| 8% | $12.95 |
| 10% | $15.56 |
| 12% | $18.64 |
| 15% | $24.27 |
| 20% | $37.15 |