$60 at 7% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 7% interest, your initial investment of $60 will have grown to $84.15.
You will have earned $24.15 in interest.
How much will savings of $60 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $60 invested for 5 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 |
| 4 | $78.65 |
| 5 | $84.15 |
$60 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $63.06 |
| 2% | $66.24 |
| 3% | $69.56 |
| 4% | $73.00 |
| 5% | $76.58 |
| 6% | $80.29 |
| 8% | $88.16 |
| 10% | $96.63 |
| 12% | $105.74 |
| 15% | $120.68 |
| 20% | $149.30 |