$8,500 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 5 years at 8% interest, your initial investment of $8,500 will have grown to $12,489.
You will have earned $3,989 in interest.
How much will savings of $8,500 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $8.5k invested for 5 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 |
$8,500 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8,934 |
| 2% | $9,385 |
| 3% | $9,854 |
| 4% | $10,342 |
| 5% | $10,848 |
| 6% | $11,375 |
| 8% | $12,489 |
| 10% | $13,689 |
| 12% | $14,980 |
| 15% | $17,097 |
| 20% | $21,151 |