$7,000 at 1% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 1% interest, your initial investment of $7,000 will have grown to $7,357.
You will have earned $357 in interest.
How much will savings of $7,000 be worth in 5 years if invested at a 1.00% interest rate?
This calculator determines the future value of $7k invested for 5 years at a constant yield of 1.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $7,000 at 1% Interest
Year |
Amount |
0 |
$7,000 |
1 |
$7,070 |
2 |
$7,141 |
3 |
$7,212 |
4 |
$7,284 |
5 |
$7,357 |
$7,000 for 5 Years by Interest Rate
Rate |
Amount |
1% |
$7,357 |
2% |
$7,729 |
3% |
$8,115 |
4% |
$8,517 |
5% |
$8,934 |
6% |
$9,368 |
8% |
$10,285 |
10% |
$11,274 |
12% |
$12,336 |
15% |
$14,080 |
20% |
$17,418 |