$9 at 3% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
After investing for 8 years at 3% interest, your initial investment of $9 will have grown to $11.40.
You will have earned $2.40 in interest.
How much will savings of $9 be worth in 8 years if invested at a 3.00% interest rate?
This calculator determines the future value of $9 invested for 8 years at a constant yield of 3.00% 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 $9 at 3% Interest
Year |
Amount |
0 |
$9.00 |
1 |
$9.27 |
2 |
$9.55 |
3 |
$9.83 |
4 |
$10.13 |
5 |
$10.43 |
6 |
$10.75 |
7 |
$11.07 |
8 |
$11.40 |
$9 for 8 Years by Interest Rate
Rate |
Amount |
1% |
$9.75 |
2% |
$10.54 |
3% |
$11.40 |
4% |
$12.32 |
5% |
$13.30 |
6% |
$14.34 |
8% |
$16.66 |
10% |
$19.29 |
12% |
$22.28 |
15% |
$27.53 |
20% |
$38.70 |