$60 at 7% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 7% interest, your initial investment of $60 will have grown to $73.50.
You will have earned $13.50 in interest.
How much will savings of $60 be worth in 3 years if invested at a 7.00% interest rate?
This calculator determines the future value of $60 invested for 3 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $60.00 |
| 1 | $64.20 |
| 2 | $68.69 |
| 3 | $73.50 |
$60 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $61.82 |
| 2% | $63.67 |
| 3% | $65.56 |
| 4% | $67.49 |
| 5% | $69.46 |
| 6% | $71.46 |
| 8% | $75.58 |
| 10% | $79.86 |
| 12% | $84.30 |
| 15% | $91.25 |
| 20% | $103.68 |