$9,000 at 6% Interest for 8 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 8 years at 6% interest, your initial investment of $9,000 will have grown to $14,345.
You will have earned $5,345 in interest.
How much will savings of $9,000 be worth in 8 years if invested at a 6.00% interest rate?
This calculator determines the future value of $9k invested for 8 years at a constant yield of 6.00% 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 $9,000 at 6% Interest
| Year | Amount |
|---|---|
| 0 | $9,000 |
| 1 | $9,540 |
| 2 | $10,112 |
| 3 | $10,719 |
| 4 | $11,362 |
| 5 | $12,044 |
| 6 | $12,767 |
| 7 | $13,533 |
| 8 | $14,345 |
$9,000 for 8 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,746 |
| 2% | $10,545 |
| 3% | $11,401 |
| 4% | $12,317 |
| 5% | $13,297 |
| 6% | $14,345 |
| 8% | $16,658 |
| 10% | $19,292 |
| 12% | $22,284 |
| 15% | $27,531 |
| 20% | $38,698 |