$700 at 15% 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 15% interest, your initial investment of $700 will have grown to $1,408.
You will have earned $708 in interest.
How much will savings of $700 be worth in 5 years if invested at a 15.00% interest rate?
This calculator determines the future value of $700 invested for 5 years at a constant yield of 15.00% 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 $700 at 15% Interest
| Year | Amount |
|---|---|
| 0 | $700.00 |
| 1 | $805.00 |
| 2 | $925.75 |
| 3 | $1,065 |
| 4 | $1,224 |
| 5 | $1,408 |
$700 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $735.71 |
| 2% | $772.86 |
| 3% | $811.49 |
| 4% | $851.66 |
| 5% | $893.40 |
| 6% | $936.76 |
| 8% | $1,029 |
| 10% | $1,127 |
| 12% | $1,234 |
| 15% | $1,408 |
| 20% | $1,742 |