$9,000 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 $9,000 will have grown to $13,224.
You will have earned $4,224 in interest.
How much will savings of $9,000 be worth in 5 years if invested at a 8.00% interest rate?
This calculator determines the future value of $9k 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 $9,000 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $9,000 |
| 1 | $9,720 |
| 2 | $10,498 |
| 3 | $11,337 |
| 4 | $12,244 |
| 5 | $13,224 |
$9,000 for 5 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $9,459 |
| 2% | $9,937 |
| 3% | $10,433 |
| 4% | $10,950 |
| 5% | $11,487 |
| 6% | $12,044 |
| 8% | $13,224 |
| 10% | $14,495 |
| 12% | $15,861 |
| 15% | $18,102 |
| 20% | $22,395 |