$6,000 at 2% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 2% interest, your initial investment of $6,000 will have grown to $7,609.
You will have earned $1,609 in interest.
How much will savings of $6,000 be worth in 12 years if invested at a 2.00% interest rate?
This calculator determines the future value of $6k invested for 12 years at a constant yield of 2.00% 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 $6,000 at 2% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,120 |
| 2 | $6,242 |
| 3 | $6,367 |
| 4 | $6,495 |
| 5 | $6,624 |
| 6 | $6,757 |
| 7 | $6,892 |
| 8 | $7,030 |
| 9 | $7,171 |
| 10 | $7,314 |
| 11 | $7,460 |
| 12 | $7,609 |
$6,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6,761 |
| 2% | $7,609 |
| 3% | $8,555 |
| 4% | $9,606 |
| 5% | $10,775 |
| 6% | $12,073 |
| 8% | $15,109 |
| 10% | $18,831 |
| 12% | $23,376 |
| 15% | $32,102 |
| 20% | $53,497 |