$7 at 4% 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 4% interest, your initial investment of $7 will have grown to $8.52.
You will have earned $1.52 in interest.
How much will savings of $7 be worth in 5 years if invested at a 4.00% interest rate?
This calculator determines the future value of $7 invested for 5 years at a constant yield of 4.00% 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 4% Interest
| Year | Amount |
|---|---|
| 0 | $7.00 |
| 1 | $7.28 |
| 2 | $7.57 |
| 3 | $7.87 |
| 4 | $8.19 |
| 5 | $8.52 |
$7 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7.36 |
| 2% | $7.73 |
| 3% | $8.11 |
| 4% | $8.52 |
| 5% | $8.93 |
| 6% | $9.37 |
| 8% | $10.29 |
| 10% | $11.27 |
| 12% | $12.34 |
| 15% | $14.08 |
| 20% | $17.42 |