$600 at 1% 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 1% interest, your initial investment of $600 will have grown to $649.71.
You will have earned $49.71 in interest.
How much will savings of $600 be worth in 8 years if invested at a 1.00% interest rate?
This calculator determines the future value of $600 invested for 8 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 $600 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $600.00 |
| 1 | $606.00 |
| 2 | $612.06 |
| 3 | $618.18 |
| 4 | $624.36 |
| 5 | $630.61 |
| 6 | $636.91 |
| 7 | $643.28 |
| 8 | $649.71 |
$600 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $649.71 |
| 2% | $703.00 |
| 3% | $760.06 |
| 4% | $821.14 |
| 5% | $886.47 |
| 6% | $956.31 |
| 8% | $1,111 |
| 10% | $1,286 |
| 12% | $1,486 |
| 15% | $1,835 |
| 20% | $2,580 |