$6 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $6 will have grown to $19.03.
You will have earned $13.03 in interest.
How much will savings of $6 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6 invested for 15 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?"
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 |
11 |
$13.99 |
12 |
$15.11 |
13 |
$16.32 |
14 |
$17.62 |
15 |
$19.03 |
$6 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$6.97 |
2% |
$8.08 |
3% |
$9.35 |
4% |
$10.81 |
5% |
$12.47 |
6% |
$14.38 |
8% |
$19.03 |
10% |
$25.06 |
12% |
$32.84 |
15% |
$48.82 |
20% |
$92.44 |