How much money will $600 be worth if you let the interest grow?

After investing for 10 years at 5% interest, your $600 investment will have grown to $977.34

Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"

According to Snopes, the answer is probably not.

Growth of $600 at 5% Interest

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

0 | $600.00 |

1 | $630.00 |

2 | $661.50 |

3 | $694.58 |

4 | $729.30 |

5 | $765.77 |

6 | $804.06 |

7 | $844.26 |

8 | $886.47 |

9 | $930.80 |

10 | $977.34 |

$600 for 10 Years by Interest Rate

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

1% | $662.77 |

2% | $731.40 |

3% | $806.35 |

4% | $888.15 |

5% | $977.34 |

6% | $1,075 |

8% | $1,295 |

10% | $1,556 |

12% | $1,864 |

15% | $2,427 |

20% | $3,715 |