$6,000 at 8% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 8% interest, your initial investment of $6,000 will have grown to $11,106.
You will have earned $5,106 in interest.
How much will savings of $6,000 be worth in 8 years if invested at a 8.00% interest rate?
This calculator determines the future value of $6k invested for 8 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 |
$6,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $6,497 |
| 2% | $7,030 |
| 3% | $7,601 |
| 4% | $8,211 |
| 5% | $8,865 |
| 6% | $9,563 |
| 8% | $11,106 |
| 10% | $12,862 |
| 12% | $14,856 |
| 15% | $18,354 |
| 20% | $25,799 |