$8,000 at 6% Interest for 12 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 12 years at 6% interest, your initial investment of $8,000 will have grown to $16,098.
You will have earned $8,098 in interest.
How much will savings of $8,000 be worth in 12 years if invested at a 6.00% interest rate?
This calculator determines the future value of $8k invested for 12 years at a constant yield of 6.00% 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 6% Interest
| Year | Amount |
|---|---|
| 0 | $8,000 |
| 1 | $8,480 |
| 2 | $8,989 |
| 3 | $9,528 |
| 4 | $10,100 |
| 5 | $10,706 |
| 6 | $11,348 |
| 7 | $12,029 |
| 8 | $12,751 |
| 9 | $13,516 |
| 10 | $14,327 |
| 11 | $15,186 |
| 12 | $16,098 |
$8,000 for 12 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,015 |
| 2% | $10,146 |
| 3% | $11,406 |
| 4% | $12,808 |
| 5% | $14,367 |
| 6% | $16,098 |
| 8% | $20,145 |
| 10% | $25,107 |
| 12% | $31,168 |
| 15% | $42,802 |
| 20% | $71,329 |