$700 at 3% 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 3% interest, your initial investment of $700 will have grown to $1,264.
You will have earned $564 in interest.
How much will savings of $700 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $700 invested for 20 years at a constant yield of 3.00% 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 3% Interest
| Year | Amount |
|---|---|
| 0 | $700.00 |
| 1 | $721.00 |
| 2 | $742.63 |
| 3 | $764.91 |
| 4 | $787.86 |
| 5 | $811.49 |
| 6 | $835.84 |
| 7 | $860.91 |
| 8 | $886.74 |
| 9 | $913.34 |
| 10 | $940.74 |
| 11 | $968.96 |
| 12 | $998.03 |
| 13 | $1,028 |
| 14 | $1,059 |
| 15 | $1,091 |
| 16 | $1,123 |
| 17 | $1,157 |
| 18 | $1,192 |
| 19 | $1,227 |
| 20 | $1,264 |
$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 |