$6,000 at 8% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 8% interest, your initial investment of $6,000 will have grown to $27,966.
You will have earned $21,966 in interest.
How much will savings of $6,000 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6k invested for 20 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?"
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 |
16 |
$20,556 |
17 |
$22,200 |
18 |
$23,976 |
19 |
$25,894 |
20 |
$27,966 |
$6,000 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$7,321 |
2% |
$8,916 |
3% |
$10,837 |
4% |
$13,147 |
5% |
$15,920 |
6% |
$19,243 |
8% |
$27,966 |
10% |
$40,365 |
12% |
$57,878 |
15% |
$98,199 |
20% |
$230,026 |