$6,000 at 7% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 7% interest, your initial investment of $6,000 will have grown to $11,803.
You will have earned $5,803 in interest.
How much will savings of $6,000 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $6k invested for 10 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 $6,000 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,420 |
| 2 | $6,869 |
| 3 | $7,350 |
| 4 | $7,865 |
| 5 | $8,415 |
| 6 | $9,004 |
| 7 | $9,635 |
| 8 | $10,309 |
| 9 | $11,031 |
| 10 | $11,803 |
$6,000 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6,628 |
| 2% | $7,314 |
| 3% | $8,063 |
| 4% | $8,881 |
| 5% | $9,773 |
| 6% | $10,745 |
| 8% | $12,954 |
| 10% | $15,562 |
| 12% | $18,635 |
| 15% | $24,273 |
| 20% | $37,150 |