$7,000 at 7% 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 7% interest, your initial investment of $7,000 will have grown to $13,770.
You will have earned $6,770 in interest.
How much will savings of $7,000 be worth in 10 years if invested at a 7.00% interest rate?
This calculator determines the future value of $7k invested for 10 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $7,000 |
| 1 | $7,490 |
| 2 | $8,014 |
| 3 | $8,575 |
| 4 | $9,176 |
| 5 | $9,818 |
| 6 | $10,505 |
| 7 | $11,240 |
| 8 | $12,027 |
| 9 | $12,869 |
| 10 | $13,770 |
$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 |