$7 at 1% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 40 years at 1% interest, your initial investment of $7 will have grown to $10.42.
You will have earned $3.42 in interest.
How much will savings of $7 be worth in 40 years if invested at a 1.00% interest rate?
This calculator determines the future value of $7 invested for 40 years at a constant yield of 1.00% 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 $7 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $7.00 |
| 1 | $7.07 |
| 2 | $7.14 |
| 3 | $7.21 |
| 4 | $7.28 |
| 5 | $7.36 |
| 6 | $7.43 |
| 7 | $7.50 |
| 8 | $7.58 |
| 9 | $7.66 |
| 10 | $7.73 |
| 11 | $7.81 |
| 12 | $7.89 |
| 13 | $7.97 |
| 14 | $8.05 |
| 15 | $8.13 |
| 16 | $8.21 |
| 17 | $8.29 |
| 18 | $8.37 |
| 19 | $8.46 |
| 20 | $8.54 |
| 21 | $8.63 |
| 22 | $8.71 |
| 23 | $8.80 |
| 24 | $8.89 |
| 25 | $8.98 |
| 26 | $9.07 |
| 27 | $9.16 |
| 28 | $9.25 |
| 29 | $9.34 |
| 30 | $9.43 |
| 31 | $9.53 |
| 32 | $9.62 |
| 33 | $9.72 |
| 34 | $9.82 |
| 35 | $9.92 |
| 36 | $10.02 |
| 37 | $10.12 |
| 38 | $10.22 |
| 39 | $10.32 |
| 40 | $10.42 |
$7 for 40 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $10.42 |
| 2% | $15.46 |
| 3% | $22.83 |
| 4% | $33.61 |
| 5% | $49.28 |
| 6% | $72.00 |
| 8% | $152.07 |
| 10% | $316.81 |
| 12% | $651.36 |
| 15% | $1,875 |
| 20% | $10,288 |