How much money will $60 be worth if you let the interest grow?

Amount

$

Interest Rate

%

Years to Invest

After investing for 10 years at 5% interest, your initial investment of $60 will have grown to $97.73.

You will have earned $37.73 in interest.

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 $60 at 5% Interest

Year | Amount |
---|---|

0 | $60.00 |

1 | $63.00 |

2 | $66.15 |

3 | $69.46 |

4 | $72.93 |

5 | $76.58 |

6 | $80.41 |

7 | $84.43 |

8 | $88.65 |

9 | $93.08 |

10 | $97.73 |

$60 for 10 Years by Interest Rate

Rate | Amount |
---|---|

1% | $66.28 |

2% | $73.14 |

3% | $80.63 |

4% | $88.81 |

5% | $97.73 |

6% | $107.45 |

8% | $129.54 |

10% | $155.62 |

12% | $186.35 |

15% | $242.73 |

20% | $371.50 |