$7,000 at 6% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 6% interest, your initial investment of $7,000 will have grown to $8,337.
You will have earned $1,337 in interest.
How much will savings of $7,000 be worth in 3 years if invested at a 6.00% interest rate?
This calculator determines the future value of $7k invested for 3 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 |
$7,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $7,212 |
| 2% | $7,428 |
| 3% | $7,649 |
| 4% | $7,874 |
| 5% | $8,103 |
| 6% | $8,337 |
| 8% | $8,818 |
| 10% | $9,317 |
| 12% | $9,834 |
| 15% | $10,646 |
| 20% | $12,096 |