$700 at 8% 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 8% interest, your initial investment of $700 will have grown to $3,263.
You will have earned $2,563 in interest.
How much will savings of $700 be worth in 20 years if invested at a 8.00% interest rate?
This calculator determines the future value of $700 invested for 20 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 |
| 16 | $2,398 |
| 17 | $2,590 |
| 18 | $2,797 |
| 19 | $3,021 |
| 20 | $3,263 |
$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 |