$8 at 7% Interest for 40 Years
How much money will your investment be worth if you let the interest grow?
After investing for 40 years at 7% interest, your initial investment of $8 will have grown to $119.80.
You will have earned $111.80 in interest.
How much will savings of $8 be worth in 40 years if invested at a 7.00% interest rate?
This calculator determines the future value of $8 invested for 40 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?"
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 |
31 |
$65.16 |
32 |
$69.72 |
33 |
$74.60 |
34 |
$79.82 |
35 |
$85.41 |
36 |
$91.39 |
37 |
$97.79 |
38 |
$104.63 |
39 |
$111.96 |
40 |
$119.80 |
$8 for 40 Years by Interest Rate
Rate |
Amount |
1% |
$11.91 |
2% |
$17.66 |
3% |
$26.10 |
4% |
$38.41 |
5% |
$56.32 |
6% |
$82.29 |
8% |
$173.80 |
10% |
$362.07 |
12% |
$744.41 |
15% |
$2,143 |
20% |
$11,758 |