$6,000 at 2% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 2% interest, your initial investment of $6,000 will have grown to $6,624.
You will have earned $624 in interest.
How much will savings of $6,000 be worth in 5 years if invested at a 2.00% interest rate?
This calculator determines the future value of $6k invested for 5 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?"
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 |
$6,000 for 5 Years by Interest Rate
Rate |
Amount |
1% |
$6,306 |
2% |
$6,624 |
3% |
$6,956 |
4% |
$7,300 |
5% |
$7,658 |
6% |
$8,029 |
8% |
$8,816 |
10% |
$9,663 |
12% |
$10,574 |
15% |
$12,068 |
20% |
$14,930 |