$60 at 5% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 5% interest, your initial investment of $60 will have grown to $88.65.
You will have earned $28.65 in interest.
How much will savings of $60 be worth in 8 years if invested at a 5.00% interest rate?
This calculator determines the future value of $60 invested for 8 years at a constant yield of 5.00% 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 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 |
$60 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $64.97 |
| 2% | $70.30 |
| 3% | $76.01 |
| 4% | $82.11 |
| 5% | $88.65 |
| 6% | $95.63 |
| 8% | $111.06 |
| 10% | $128.62 |
| 12% | $148.56 |
| 15% | $183.54 |
| 20% | $257.99 |