$700 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 8% interest, your initial investment of $700 will have grown to $2,221.
You will have earned $1,521 in interest.
How much will savings of $700 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $700 invested for 15 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 $700 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $700.00 |
| 1 | $756.00 |
| 2 | $816.48 |
| 3 | $881.80 |
| 4 | $952.34 |
| 5 | $1,029 |
| 6 | $1,111 |
| 7 | $1,200 |
| 8 | $1,296 |
| 9 | $1,399 |
| 10 | $1,511 |
| 11 | $1,632 |
| 12 | $1,763 |
| 13 | $1,904 |
| 14 | $2,056 |
| 15 | $2,221 |
$700 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $812.68 |
| 2% | $942.11 |
| 3% | $1,091 |
| 4% | $1,261 |
| 5% | $1,455 |
| 6% | $1,678 |
| 8% | $2,221 |
| 10% | $2,924 |
| 12% | $3,831 |
| 15% | $5,696 |
| 20% | $10,785 |