$8 at 3% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 3% interest, your initial investment of $8 will have grown to $14.45.
You will have earned $6.45 in interest.
How much will savings of $8 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $8 invested for 20 years at a constant yield of 3.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $8 at 3% Interest
| Year | Amount |
|---|---|
| 0 | $8.00 |
| 1 | $8.24 |
| 2 | $8.49 |
| 3 | $8.74 |
| 4 | $9.00 |
| 5 | $9.27 |
| 6 | $9.55 |
| 7 | $9.84 |
| 8 | $10.13 |
| 9 | $10.44 |
| 10 | $10.75 |
| 11 | $11.07 |
| 12 | $11.41 |
| 13 | $11.75 |
| 14 | $12.10 |
| 15 | $12.46 |
| 16 | $12.84 |
| 17 | $13.22 |
| 18 | $13.62 |
| 19 | $14.03 |
| 20 | $14.45 |
$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 |