$8 at 1% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 1% interest, your initial investment of $8 will have grown to $9.29.
You will have earned $1.29 in interest.
How much will savings of $8 be worth in 15 years if invested at a 1.00% interest rate?
This calculator determines the future value of $8 invested for 15 years at a constant yield of 1.00% 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 $8 at 1% Interest
Year |
Amount |
0 |
$8.00 |
1 |
$8.08 |
2 |
$8.16 |
3 |
$8.24 |
4 |
$8.32 |
5 |
$8.41 |
6 |
$8.49 |
7 |
$8.58 |
8 |
$8.66 |
9 |
$8.75 |
10 |
$8.84 |
11 |
$8.93 |
12 |
$9.01 |
13 |
$9.10 |
14 |
$9.20 |
15 |
$9.29 |
$8 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$9.29 |
2% |
$10.77 |
3% |
$12.46 |
4% |
$14.41 |
5% |
$16.63 |
6% |
$19.17 |
8% |
$25.38 |
10% |
$33.42 |
12% |
$43.79 |
15% |
$65.10 |
20% |
$123.26 |