$8 at 6% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 6% interest, your initial investment of $8 will have grown to $25.66.
You will have earned $17.66 in interest.
How much will savings of $8 be worth in 20 years if invested at a 6.00% interest rate?
This calculator determines the future value of $8 invested for 20 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?"
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 |
13 |
$17.06 |
14 |
$18.09 |
15 |
$19.17 |
16 |
$20.32 |
17 |
$21.54 |
18 |
$22.83 |
19 |
$24.20 |
20 |
$25.66 |
$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 |