$8,000 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 8% interest, your initial investment of $8,000 will have grown to $25,377.
You will have earned $17,377 in interest.
How much will savings of $8,000 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $8k invested for 15 years at a constant yield of 8.00% 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 8% Interest
Year |
Amount |
0 |
$8,000 |
1 |
$8,640 |
2 |
$9,331 |
3 |
$10,078 |
4 |
$10,884 |
5 |
$11,755 |
6 |
$12,695 |
7 |
$13,711 |
8 |
$14,807 |
9 |
$15,992 |
10 |
$17,271 |
11 |
$18,653 |
12 |
$20,145 |
13 |
$21,757 |
14 |
$23,498 |
15 |
$25,377 |
$8,000 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$9,288 |
2% |
$10,767 |
3% |
$12,464 |
4% |
$14,408 |
5% |
$16,631 |
6% |
$19,172 |
8% |
$25,377 |
10% |
$33,418 |
12% |
$43,789 |
15% |
$65,096 |
20% |
$123,256 |