$7 at 6% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 6% interest, your initial investment of $7 will have grown to $12.54.
You will have earned $5.54 in interest.
How much will savings of $7 be worth in 10 years if invested at a 6.00% interest rate?
This calculator determines the future value of $7 invested for 10 years at a constant yield of 6.00% 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 6% Interest
Year |
Amount |
0 |
$7.00 |
1 |
$7.42 |
2 |
$7.87 |
3 |
$8.34 |
4 |
$8.84 |
5 |
$9.37 |
6 |
$9.93 |
7 |
$10.53 |
8 |
$11.16 |
9 |
$11.83 |
10 |
$12.54 |
$7 for 10 Years by Interest Rate
Rate |
Amount |
1% |
$7.73 |
2% |
$8.53 |
3% |
$9.41 |
4% |
$10.36 |
5% |
$11.40 |
6% |
$12.54 |
8% |
$15.11 |
10% |
$18.16 |
12% |
$21.74 |
15% |
$28.32 |
20% |
$43.34 |