$8,500 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $8,500 will have grown to $13,548.
You will have earned $5,048 in interest.
How much will savings of $8,500 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $8.5k invested for 8 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 $8,500 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $8,500 |
| 1 | $9,010 |
| 2 | $9,551 |
| 3 | $10,124 |
| 4 | $10,731 |
| 5 | $11,375 |
| 6 | $12,057 |
| 7 | $12,781 |
| 8 | $13,548 |
$8,500 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,204 |
| 2% | $9,959 |
| 3% | $10,768 |
| 4% | $11,633 |
| 5% | $12,558 |
| 6% | $13,548 |
| 8% | $15,733 |
| 10% | $18,221 |
| 12% | $21,046 |
| 15% | $26,002 |
| 20% | $36,548 |