$8,500 at 8% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
After investing for 10 years at 8% interest, your initial investment of $8,500 will have grown to $18,351.
You will have earned $9,851 in interest.
How much will savings of $8,500 be worth in 10 years if invested at a 8.00% interest rate?
This calculator determines the future value of $8.5k invested for 10 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 $8,500 at 8% Interest
Year |
Amount |
0 |
$8,500 |
1 |
$9,180 |
2 |
$9,914 |
3 |
$10,708 |
4 |
$11,564 |
5 |
$12,489 |
6 |
$13,488 |
7 |
$14,568 |
8 |
$15,733 |
9 |
$16,992 |
10 |
$18,351 |
$8,500 for 10 Years by Interest Rate
Rate |
Amount |
1% |
$9,389 |
2% |
$10,361 |
3% |
$11,423 |
4% |
$12,582 |
5% |
$13,846 |
6% |
$15,222 |
8% |
$18,351 |
10% |
$22,047 |
12% |
$26,400 |
15% |
$34,387 |
20% |
$52,630 |