$6,000 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $6,000 will have grown to $8,816.
You will have earned $2,816 in interest.
How much will savings of $6,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6k invested for 5 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 |
$6,000 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 |