$60 at 1% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 1% interest, your initial investment of $60 will have grown to $67.61.
You will have earned $7.61 in interest.
How much will savings of $60 be worth in 12 years if invested at a 1.00% interest rate?
This calculator determines the future value of $60 invested for 12 years at a constant yield of 1.00% 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 $60 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $60.00 |
| 1 | $60.60 |
| 2 | $61.21 |
| 3 | $61.82 |
| 4 | $62.44 |
| 5 | $63.06 |
| 6 | $63.69 |
| 7 | $64.33 |
| 8 | $64.97 |
| 9 | $65.62 |
| 10 | $66.28 |
| 11 | $66.94 |
| 12 | $67.61 |
$60 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $67.61 |
| 2% | $76.09 |
| 3% | $85.55 |
| 4% | $96.06 |
| 5% | $107.75 |
| 6% | $120.73 |
| 8% | $151.09 |
| 10% | $188.31 |
| 12% | $233.76 |
| 15% | $321.02 |
| 20% | $534.97 |