$6,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 8% interest, your initial investment of $6,000 will have grown to $19,033.
You will have earned $13,033 in interest.
How much will savings of $6,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6k invested for 15 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $6,000 |
| 1 | $6,480 |
| 2 | $6,998 |
| 3 | $7,558 |
| 4 | $8,163 |
| 5 | $8,816 |
| 6 | $9,521 |
| 7 | $10,283 |
| 8 | $11,106 |
| 9 | $11,994 |
| 10 | $12,954 |
| 11 | $13,990 |
| 12 | $15,109 |
| 13 | $16,318 |
| 14 | $17,623 |
| 15 | $19,033 |
$6,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6,966 |
| 2% | $8,075 |
| 3% | $9,348 |
| 4% | $10,806 |
| 5% | $12,474 |
| 6% | $14,379 |
| 8% | $19,033 |
| 10% | $25,063 |
| 12% | $32,841 |
| 15% | $48,822 |
| 20% | $92,442 |