$8 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 7% interest, your initial investment of $8 will have grown to $22.07.
You will have earned $14.07 in interest.
How much will savings of $8 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $8 invested for 15 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $8.00 |
| 1 | $8.56 |
| 2 | $9.16 |
| 3 | $9.80 |
| 4 | $10.49 |
| 5 | $11.22 |
| 6 | $12.01 |
| 7 | $12.85 |
| 8 | $13.75 |
| 9 | $14.71 |
| 10 | $15.74 |
| 11 | $16.84 |
| 12 | $18.02 |
| 13 | $19.28 |
| 14 | $20.63 |
| 15 | $22.07 |
$8 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9.29 |
| 2% | $10.77 |
| 3% | $12.46 |
| 4% | $14.41 |
| 5% | $16.63 |
| 6% | $19.17 |
| 8% | $25.38 |
| 10% | $33.42 |
| 12% | $43.79 |
| 15% | $65.10 |
| 20% | $123.26 |