$8,500 at 7% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 7% interest, your initial investment of $8,500 will have grown to $23,452.
You will have earned $14,952 in interest.
How much will savings of $8,500 be worth in 15 years if invested at a 7.00% interest rate?
This calculator determines the future value of $8.5k invested for 15 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $8,500 |
| 1 | $9,095 |
| 2 | $9,732 |
| 3 | $10,413 |
| 4 | $11,142 |
| 5 | $11,922 |
| 6 | $12,756 |
| 7 | $13,649 |
| 8 | $14,605 |
| 9 | $15,627 |
| 10 | $16,721 |
| 11 | $17,891 |
| 12 | $19,144 |
| 13 | $20,484 |
| 14 | $21,918 |
| 15 | $23,452 |
$8,500 for 15 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,868 |
| 2% | $11,440 |
| 3% | $13,243 |
| 4% | $15,308 |
| 5% | $17,671 |
| 6% | $20,371 |
| 8% | $26,963 |
| 10% | $35,507 |
| 12% | $46,525 |
| 15% | $69,165 |
| 20% | $130,960 |