$8,500 at 8% 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 8% interest, your initial investment of $8,500 will have grown to $26,963.
You will have earned $18,463 in interest.
How much will savings of $8,500 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $8.5k 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?"
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 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 |
| 11 | $19,819 |
| 12 | $21,404 |
| 13 | $23,117 |
| 14 | $24,966 |
| 15 | $26,963 |
$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 |