$8 at 9% 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 9% interest, your initial investment of $8 will have grown to $22.50.
You will have earned $14.50 in interest.
How much will savings of $8 be worth in 12 years if invested at a 9.00% interest rate?
This calculator determines the future value of $8 invested for 12 years at a constant yield of 9.00% 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 9% Interest
| Year | Amount |
|---|---|
| 0 | $8.00 |
| 1 | $8.72 |
| 2 | $9.50 |
| 3 | $10.36 |
| 4 | $11.29 |
| 5 | $12.31 |
| 6 | $13.42 |
| 7 | $14.62 |
| 8 | $15.94 |
| 9 | $17.38 |
| 10 | $18.94 |
| 11 | $20.64 |
| 12 | $22.50 |
$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 |