$700 at 2% 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 2% interest, your initial investment of $700 will have grown to $1,040.
You will have earned $340 in interest.
How much will savings of $700 be worth in 20 years if invested at a 2.00% interest rate?
This calculator determines the future value of $700 invested for 20 years at a constant yield of 2.00% 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 2% Interest
| Year | Amount |
|---|---|
| 0 | $700.00 |
| 1 | $714.00 |
| 2 | $728.28 |
| 3 | $742.85 |
| 4 | $757.70 |
| 5 | $772.86 |
| 6 | $788.31 |
| 7 | $804.08 |
| 8 | $820.16 |
| 9 | $836.56 |
| 10 | $853.30 |
| 11 | $870.36 |
| 12 | $887.77 |
| 13 | $905.52 |
| 14 | $923.64 |
| 15 | $942.11 |
| 16 | $960.95 |
| 17 | $980.17 |
| 18 | $999.77 |
| 19 | $1,020 |
| 20 | $1,040 |
$700 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $854.13 |
| 2% | $1,040 |
| 3% | $1,264 |
| 4% | $1,534 |
| 5% | $1,857 |
| 6% | $2,245 |
| 8% | $3,263 |
| 10% | $4,709 |
| 12% | $6,752 |
| 15% | $11,457 |
| 20% | $26,836 |