$900 at 8% Interest for 5 Years
How much money will your investment be worth if you let the interest grow?
After investing for 5 years at 8% interest, your initial investment of $900 will have grown to $1,322.
You will have earned $422 in interest.
How much will savings of $900 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $900 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $900 at 8% Interest
Year |
Amount |
0 |
$900.00 |
1 |
$972.00 |
2 |
$1,050 |
3 |
$1,134 |
4 |
$1,224 |
5 |
$1,322 |
$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 |