$8,000 at 12% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 12% interest, your initial investment of $8,000 will have grown to $19,808.
You will have earned $11,808 in interest.
How much will savings of $8,000 be worth in 8 years if invested at a 12.00% interest rate?
This calculator determines the future value of $8k invested for 8 years at a constant yield of 12.00% 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 12% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,960 |
| 2 | $10,035 |
| 3 | $11,239 |
| 4 | $12,588 |
| 5 | $14,099 |
| 6 | $15,791 |
| 7 | $17,685 |
| 8 | $19,808 |
$8,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8,663 |
| 2% | $9,373 |
| 3% | $10,134 |
| 4% | $10,949 |
| 5% | $11,820 |
| 6% | $12,751 |
| 8% | $14,807 |
| 10% | $17,149 |
| 12% | $19,808 |
| 15% | $24,472 |
| 20% | $34,399 |