$8,000 at 20% Interest for 3 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 3 years at 20% interest, your initial investment of $8,000 will have grown to $13,824.
You will have earned $5,824 in interest.
How much will savings of $8,000 be worth in 3 years if invested at a 20.00% interest rate?
This calculator determines the future value of $8k invested for 3 years at a constant yield of 20.00% 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 20% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $9,600 |
| 2 | $11,520 |
| 3 | $13,824 |
$8,000 for 3 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8,242 |
| 2% | $8,490 |
| 3% | $8,742 |
| 4% | $8,999 |
| 5% | $9,261 |
| 6% | $9,528 |
| 8% | $10,078 |
| 10% | $10,648 |
| 12% | $11,239 |
| 15% | $12,167 |
| 20% | $13,824 |