$8 at 6% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 6% interest, your initial investment of $8 will have grown to $16.10.
You will have earned $8.10 in interest.
How much will savings of $8 be worth in 12 years if invested at a 6.00% interest rate?
This calculator determines the future value of $8 invested for 12 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $8.00 |
| 1 | $8.48 |
| 2 | $8.99 |
| 3 | $9.53 |
| 4 | $10.10 |
| 5 | $10.71 |
| 6 | $11.35 |
| 7 | $12.03 |
| 8 | $12.75 |
| 9 | $13.52 |
| 10 | $14.33 |
| 11 | $15.19 |
| 12 | $16.10 |
$8 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9.01 |
| 2% | $10.15 |
| 3% | $11.41 |
| 4% | $12.81 |
| 5% | $14.37 |
| 6% | $16.10 |
| 8% | $20.15 |
| 10% | $25.11 |
| 12% | $31.17 |
| 15% | $42.80 |
| 20% | $71.33 |