$8 at 12% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 12% interest, your initial investment of $8 will have grown to $19.81.
You will have earned $11.81 in interest.
How much will savings of $8 be worth in 8 years if invested at a 12.00% interest rate?
This calculator determines the future value of $8 invested for 8 years at a constant yield of 12.00% 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 12% Interest
Year |
Amount |
0 |
$8.00 |
1 |
$8.96 |
2 |
$10.04 |
3 |
$11.24 |
4 |
$12.59 |
5 |
$14.10 |
6 |
$15.79 |
7 |
$17.69 |
8 |
$19.81 |
$8 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$8.66 |
2% |
$9.37 |
3% |
$10.13 |
4% |
$10.95 |
5% |
$11.82 |
6% |
$12.75 |
8% |
$14.81 |
10% |
$17.15 |
12% |
$19.81 |
15% |
$24.47 |
20% |
$34.40 |