$8 at 2% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 2% interest, your initial investment of $8 will have grown to $11.89.
You will have earned $3.89 in interest.
How much will savings of $8 be worth in 20 years if invested at a 2.00% interest rate?
This calculator determines the future value of $8 invested for 20 years at a constant yield of 2.00% 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 2% Interest
Year |
Amount |
0 |
$8.00 |
1 |
$8.16 |
2 |
$8.32 |
3 |
$8.49 |
4 |
$8.66 |
5 |
$8.83 |
6 |
$9.01 |
7 |
$9.19 |
8 |
$9.37 |
9 |
$9.56 |
10 |
$9.75 |
11 |
$9.95 |
12 |
$10.15 |
13 |
$10.35 |
14 |
$10.56 |
15 |
$10.77 |
16 |
$10.98 |
17 |
$11.20 |
18 |
$11.43 |
19 |
$11.65 |
20 |
$11.89 |
$8 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$9.76 |
2% |
$11.89 |
3% |
$14.45 |
4% |
$17.53 |
5% |
$21.23 |
6% |
$25.66 |
8% |
$37.29 |
10% |
$53.82 |
12% |
$77.17 |
15% |
$130.93 |
20% |
$306.70 |