$6 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 8% interest, your initial investment of $6 will have grown to $27.97.
You will have earned $21.97 in interest.
How much will savings of $6 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6 invested for 20 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 |
| 11 | $13.99 |
| 12 | $15.11 |
| 13 | $16.32 |
| 14 | $17.62 |
| 15 | $19.03 |
| 16 | $20.56 |
| 17 | $22.20 |
| 18 | $23.98 |
| 19 | $25.89 |
| 20 | $27.97 |
$6 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7.32 |
| 2% | $8.92 |
| 3% | $10.84 |
| 4% | $13.15 |
| 5% | $15.92 |
| 6% | $19.24 |
| 8% | $27.97 |
| 10% | $40.36 |
| 12% | $57.88 |
| 15% | $98.20 |
| 20% | $230.03 |