$7,000 at 5% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 5% interest, your initial investment of $7,000 will have grown to $11,402.
You will have earned $4,402 in interest.
How much will savings of $7,000 be worth in 10 years if invested at a 5.00% interest rate?
This calculator determines the future value of $7k invested for 10 years at a constant yield of 5.00% 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 5% Interest
| Year | Amount |
|---|---|
| 0 | $7,000 |
| 1 | $7,350 |
| 2 | $7,718 |
| 3 | $8,103 |
| 4 | $8,509 |
| 5 | $8,934 |
| 6 | $9,381 |
| 7 | $9,850 |
| 8 | $10,342 |
| 9 | $10,859 |
| 10 | $11,402 |
$7,000 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7,732 |
| 2% | $8,533 |
| 3% | $9,407 |
| 4% | $10,362 |
| 5% | $11,402 |
| 6% | $12,536 |
| 8% | $15,112 |
| 10% | $18,156 |
| 12% | $21,741 |
| 15% | $28,319 |
| 20% | $43,342 |