$7,000 at 8% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
After investing for 3 years at 8% interest, your initial investment of $7,000 will have grown to $8,818.
You will have earned $1,818 in interest.
How much will savings of $7,000 be worth in 3 years if invested at a 8.00% interest rate?
This calculator determines the future value of $7k invested for 3 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 |
$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 |