$7 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 3% interest, your initial investment of $7 will have grown to $8.87.
You will have earned $1.87 in interest.
How much will savings of $7 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $7 invested for 8 years at a constant yield of 3.00% 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 $7 at 3% Interest
Year |
Amount |
0 |
$7.00 |
1 |
$7.21 |
2 |
$7.43 |
3 |
$7.65 |
4 |
$7.88 |
5 |
$8.11 |
6 |
$8.36 |
7 |
$8.61 |
8 |
$8.87 |
$7 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$7.58 |
2% |
$8.20 |
3% |
$8.87 |
4% |
$9.58 |
5% |
$10.34 |
6% |
$11.16 |
8% |
$12.96 |
10% |
$15.01 |
12% |
$17.33 |
15% |
$21.41 |
20% |
$30.10 |