$7,000 at 6% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 6% interest, your initial investment of $7,000 will have grown to $22,450.
You will have earned $15,450 in interest.
How much will savings of $7,000 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $7k invested for 20 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $7,000 |
| 1 | $7,420 |
| 2 | $7,865 |
| 3 | $8,337 |
| 4 | $8,837 |
| 5 | $9,368 |
| 6 | $9,930 |
| 7 | $10,525 |
| 8 | $11,157 |
| 9 | $11,826 |
| 10 | $12,536 |
| 11 | $13,288 |
| 12 | $14,085 |
| 13 | $14,930 |
| 14 | $15,826 |
| 15 | $16,776 |
| 16 | $17,782 |
| 17 | $18,849 |
| 18 | $19,980 |
| 19 | $21,179 |
| 20 | $22,450 |
$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 |