$900 at 7% 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 7% interest, your initial investment of $900 will have grown to $1,262.
You will have earned $362 in interest.
How much will savings of $900 be worth in 5 years if invested at a 7.00% interest rate?
This calculator determines the future value of $900 invested for 5 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 $900 at 7% Interest
| Year | Amount |
|---|---|
| 0 | $900.00 |
| 1 | $963.00 |
| 2 | $1,030 |
| 3 | $1,103 |
| 4 | $1,180 |
| 5 | $1,262 |
$900 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $945.91 |
| 2% | $993.67 |
| 3% | $1,043 |
| 4% | $1,095 |
| 5% | $1,149 |
| 6% | $1,204 |
| 8% | $1,322 |
| 10% | $1,449 |
| 12% | $1,586 |
| 15% | $1,810 |
| 20% | $2,239 |