$8 at 7% Interest for 30 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 30 years at 7% interest, your initial investment of $8 will have grown to $60.90.
You will have earned $52.90 in interest.
How much will savings of $8 be worth in 30 years if invested at a 7.00% interest rate?
This calculator determines the future value of $8 invested for 30 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 |
| 16 | $23.62 |
| 17 | $25.27 |
| 18 | $27.04 |
| 19 | $28.93 |
| 20 | $30.96 |
| 21 | $33.12 |
| 22 | $35.44 |
| 23 | $37.92 |
| 24 | $40.58 |
| 25 | $43.42 |
| 26 | $46.46 |
| 27 | $49.71 |
| 28 | $53.19 |
| 29 | $56.91 |
| 30 | $60.90 |
$8 for 30 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $10.78 |
| 2% | $14.49 |
| 3% | $19.42 |
| 4% | $25.95 |
| 5% | $34.58 |
| 6% | $45.95 |
| 8% | $80.50 |
| 10% | $139.60 |
| 12% | $239.68 |
| 15% | $529.69 |
| 20% | $1,899 |