$7,000 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 3% interest, your initial investment of $7,000 will have grown to $8,867.
You will have earned $1,867 in interest.
How much will savings of $7,000 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $7k invested for 8 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 |
$7,000 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$7,580 |
2% |
$8,202 |
3% |
$8,867 |
4% |
$9,580 |
5% |
$10,342 |
6% |
$11,157 |
8% |
$12,957 |
10% |
$15,005 |
12% |
$17,332 |
15% |
$21,413 |
20% |
$30,099 |