$7,000 at 3% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 3% interest, your initial investment of $7,000 will have grown to $12,643.
You will have earned $5,643 in interest.
How much will savings of $7,000 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $7k 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $7,000 at 3% Interest
Year |
Amount |
0 |
$7,000 |
1 |
$7,210 |
2 |
$7,426 |
3 |
$7,649 |
4 |
$7,879 |
5 |
$8,115 |
6 |
$8,358 |
7 |
$8,609 |
8 |
$8,867 |
9 |
$9,133 |
10 |
$9,407 |
11 |
$9,690 |
12 |
$9,980 |
13 |
$10,280 |
14 |
$10,588 |
15 |
$10,906 |
16 |
$11,233 |
17 |
$11,570 |
18 |
$11,917 |
19 |
$12,275 |
20 |
$12,643 |
$7,000 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$8,541 |
2% |
$10,402 |
3% |
$12,643 |
4% |
$15,338 |
5% |
$18,573 |
6% |
$22,450 |
8% |
$32,627 |
10% |
$47,092 |
12% |
$67,524 |
15% |
$114,566 |
20% |
$268,363 |