$8 at 5% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 5% interest, your initial investment of $8 will have grown to $21.23.
You will have earned $13.23 in interest.
How much will savings of $8 be worth in 20 years if invested at a 5.00% interest rate?
This calculator determines the future value of $8 invested for 20 years at a constant yield of 5.00% 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 5% Interest
Year |
Amount |
0 |
$8.00 |
1 |
$8.40 |
2 |
$8.82 |
3 |
$9.26 |
4 |
$9.72 |
5 |
$10.21 |
6 |
$10.72 |
7 |
$11.26 |
8 |
$11.82 |
9 |
$12.41 |
10 |
$13.03 |
11 |
$13.68 |
12 |
$14.37 |
13 |
$15.09 |
14 |
$15.84 |
15 |
$16.63 |
16 |
$17.46 |
17 |
$18.34 |
18 |
$19.25 |
19 |
$20.22 |
20 |
$21.23 |
$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 |