$7 at 6% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 6% interest, your initial investment of $7 will have grown to $22.45.
You will have earned $15.45 in interest.
How much will savings of $7 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $7 invested for 20 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?"
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 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 |
| 11 | $13.29 |
| 12 | $14.09 |
| 13 | $14.93 |
| 14 | $15.83 |
| 15 | $16.78 |
| 16 | $17.78 |
| 17 | $18.85 |
| 18 | $19.98 |
| 19 | $21.18 |
| 20 | $22.45 |
$7 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8.54 |
| 2% | $10.40 |
| 3% | $12.64 |
| 4% | $15.34 |
| 5% | $18.57 |
| 6% | $22.45 |
| 8% | $32.63 |
| 10% | $47.09 |
| 12% | $67.52 |
| 15% | $114.57 |
| 20% | $268.36 |