$8 at 3% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 3% interest, your initial investment of $8 will have grown to $9.27.
You will have earned $1.27 in interest.
How much will savings of $8 be worth in 5 years if invested at a 3.00% interest rate?
This calculator determines the future value of $8 invested for 5 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 |
$8 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8.41 |
| 2% | $8.83 |
| 3% | $9.27 |
| 4% | $9.73 |
| 5% | $10.21 |
| 6% | $10.71 |
| 8% | $11.75 |
| 10% | $12.88 |
| 12% | $14.10 |
| 15% | $16.09 |
| 20% | $19.91 |