$7,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $7,000 will have grown to $22,205.
You will have earned $15,205 in interest.
How much will savings of $7,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $7k invested for 15 years at a constant yield of 8.00% 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 8% Interest
Year |
Amount |
0 |
$7,000 |
1 |
$7,560 |
2 |
$8,165 |
3 |
$8,818 |
4 |
$9,523 |
5 |
$10,285 |
6 |
$11,108 |
7 |
$11,997 |
8 |
$12,957 |
9 |
$13,993 |
10 |
$15,112 |
11 |
$16,321 |
12 |
$17,627 |
13 |
$19,037 |
14 |
$20,560 |
15 |
$22,205 |
$7,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$8,127 |
2% |
$9,421 |
3% |
$10,906 |
4% |
$12,607 |
5% |
$14,552 |
6% |
$16,776 |
8% |
$22,205 |
10% |
$29,241 |
12% |
$38,315 |
15% |
$56,959 |
20% |
$107,849 |