$7 at 8% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 8% interest, your initial investment of $7 will have grown to $8.82.
You will have earned $1.82 in interest.
How much will savings of $7 be worth in 3 years if invested at a 8.00% interest rate?
This calculator determines the future value of $7 invested for 3 years at a constant yield of 8.00% 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 8% Interest
| Year | Amount |
|---|---|
| 0 | $7.00 |
| 1 | $7.56 |
| 2 | $8.16 |
| 3 | $8.82 |
$7 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7.21 |
| 2% | $7.43 |
| 3% | $7.65 |
| 4% | $7.87 |
| 5% | $8.10 |
| 6% | $8.34 |
| 8% | $8.82 |
| 10% | $9.32 |
| 12% | $9.83 |
| 15% | $10.65 |
| 20% | $12.10 |