$7 at 8% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 30 years at 8% interest, your initial investment of $7 will have grown to $70.44.
You will have earned $63.44 in interest.
How much will savings of $7 be worth in 30 years if invested at a 8.00% interest rate?
This calculator determines the future value of $7 invested for 30 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 |
| 4 | $9.52 |
| 5 | $10.29 |
| 6 | $11.11 |
| 7 | $12.00 |
| 8 | $12.96 |
| 9 | $13.99 |
| 10 | $15.11 |
| 11 | $16.32 |
| 12 | $17.63 |
| 13 | $19.04 |
| 14 | $20.56 |
| 15 | $22.21 |
| 16 | $23.98 |
| 17 | $25.90 |
| 18 | $27.97 |
| 19 | $30.21 |
| 20 | $32.63 |
| 21 | $35.24 |
| 22 | $38.06 |
| 23 | $41.10 |
| 24 | $44.39 |
| 25 | $47.94 |
| 26 | $51.77 |
| 27 | $55.92 |
| 28 | $60.39 |
| 29 | $65.22 |
| 30 | $70.44 |
$7 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9.43 |
| 2% | $12.68 |
| 3% | $16.99 |
| 4% | $22.70 |
| 5% | $30.25 |
| 6% | $40.20 |
| 8% | $70.44 |
| 10% | $122.15 |
| 12% | $209.72 |
| 15% | $463.48 |
| 20% | $1,662 |