$7,000 at 3% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 3% interest, your initial investment of $7,000 will have grown to $8,115.
You will have earned $1,115 in interest.
How much will savings of $7,000 be worth in 5 years if invested at a 3.00% interest rate?
This calculator determines the future value of $7k invested for 5 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 $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 |
$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 |