$8,000 at 2% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 2% interest, your initial investment of $8,000 will have grown to $9,752.
You will have earned $1,752 in interest.
How much will savings of $8,000 be worth in 10 years if invested at a 2.00% interest rate?
This calculator determines the future value of $8k invested for 10 years at a constant yield of 2.00% 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 $8,000 at 2% Interest
Year |
Amount |
0 |
$8,000 |
1 |
$8,160 |
2 |
$8,323 |
3 |
$8,490 |
4 |
$8,659 |
5 |
$8,833 |
6 |
$9,009 |
7 |
$9,189 |
8 |
$9,373 |
9 |
$9,561 |
10 |
$9,752 |
$8,000 for 10 Years by Interest Rate
Rate |
Amount |
1% |
$8,837 |
2% |
$9,752 |
3% |
$10,751 |
4% |
$11,842 |
5% |
$13,031 |
6% |
$14,327 |
8% |
$17,271 |
10% |
$20,750 |
12% |
$24,847 |
15% |
$32,364 |
20% |
$49,534 |