$8,000 at 3% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
After investing for 20 years at 3% interest, your initial investment of $8,000 will have grown to $14,449.
You will have earned $6,449 in interest.
How much will savings of $8,000 be worth in 20 years if invested at a 3.00% interest rate?
This calculator determines the future value of $8k invested for 20 years at a constant yield of 3.00% 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 3% Interest
Year |
Amount |
0 |
$8,000 |
1 |
$8,240 |
2 |
$8,487 |
3 |
$8,742 |
4 |
$9,004 |
5 |
$9,274 |
6 |
$9,552 |
7 |
$9,839 |
8 |
$10,134 |
9 |
$10,438 |
10 |
$10,751 |
11 |
$11,074 |
12 |
$11,406 |
13 |
$11,748 |
14 |
$12,101 |
15 |
$12,464 |
16 |
$12,838 |
17 |
$13,223 |
18 |
$13,619 |
19 |
$14,028 |
20 |
$14,449 |
$8,000 for 20 Years by Interest Rate
Rate |
Amount |
1% |
$9,762 |
2% |
$11,888 |
3% |
$14,449 |
4% |
$17,529 |
5% |
$21,226 |
6% |
$25,657 |
8% |
$37,288 |
10% |
$53,820 |
12% |
$77,170 |
15% |
$130,932 |
20% |
$306,701 |