$7 at 2% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 2% interest, your initial investment of $7 will have grown to $8.88.
You will have earned $1.88 in interest.
How much will savings of $7 be worth in 12 years if invested at a 2.00% interest rate?
This calculator determines the future value of $7 invested for 12 years at a constant yield of 2.00% 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 2% Interest
| Year | Amount |
|---|---|
| 0 | $7.00 |
| 1 | $7.14 |
| 2 | $7.28 |
| 3 | $7.43 |
| 4 | $7.58 |
| 5 | $7.73 |
| 6 | $7.88 |
| 7 | $8.04 |
| 8 | $8.20 |
| 9 | $8.37 |
| 10 | $8.53 |
| 11 | $8.70 |
| 12 | $8.88 |
$7 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7.89 |
| 2% | $8.88 |
| 3% | $9.98 |
| 4% | $11.21 |
| 5% | $12.57 |
| 6% | $14.09 |
| 8% | $17.63 |
| 10% | $21.97 |
| 12% | $27.27 |
| 15% | $37.45 |
| 20% | $62.41 |