$8,000 at 1% 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 1% interest, your initial investment of $8,000 will have grown to $9,288.
You will have earned $1,288 in interest.
How much will savings of $8,000 be worth in 15 years if invested at a 1.00% interest rate?
This calculator determines the future value of $8k invested for 15 years at a constant yield of 1.00% 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 $8,000 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,080 |
| 2 | $8,161 |
| 3 | $8,242 |
| 4 | $8,325 |
| 5 | $8,408 |
| 6 | $8,492 |
| 7 | $8,577 |
| 8 | $8,663 |
| 9 | $8,749 |
| 10 | $8,837 |
| 11 | $8,925 |
| 12 | $9,015 |
| 13 | $9,105 |
| 14 | $9,196 |
| 15 | $9,288 |
$8,000 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,288 |
| 2% | $10,767 |
| 3% | $12,464 |
| 4% | $14,408 |
| 5% | $16,631 |
| 6% | $19,172 |
| 8% | $25,377 |
| 10% | $33,418 |
| 12% | $43,789 |
| 15% | $65,096 |
| 20% | $123,256 |