$8,000 at 4% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 4% interest, your initial investment of $8,000 will have grown to $9,733.
You will have earned $1,733 in interest.
How much will savings of $8,000 be worth in 5 years if invested at a 4.00% interest rate?
This calculator determines the future value of $8k invested for 5 years at a constant yield of 4.00% 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 4% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,320 |
| 2 | $8,653 |
| 3 | $8,999 |
| 4 | $9,359 |
| 5 | $9,733 |
$8,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8,408 |
| 2% | $8,833 |
| 3% | $9,274 |
| 4% | $9,733 |
| 5% | $10,210 |
| 6% | $10,706 |
| 8% | $11,755 |
| 10% | $12,884 |
| 12% | $14,099 |
| 15% | $16,091 |
| 20% | $19,907 |