$950 at 1% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 1% interest, your initial investment of $950 will have grown to $1,049.
You will have earned $99 in interest.
How much will savings of $950 be worth in 10 years if invested at a 1.00% interest rate?
This calculator determines the future value of $950 invested for 10 years at a constant yield of 1.00% 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 $950 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $950.00 |
| 1 | $959.50 |
| 2 | $969.10 |
| 3 | $978.79 |
| 4 | $988.57 |
| 5 | $998.46 |
| 6 | $1,008 |
| 7 | $1,019 |
| 8 | $1,029 |
| 9 | $1,039 |
| 10 | $1,049 |
$950 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,049 |
| 2% | $1,158 |
| 3% | $1,277 |
| 4% | $1,406 |
| 5% | $1,547 |
| 6% | $1,701 |
| 8% | $2,051 |
| 10% | $2,464 |
| 12% | $2,951 |
| 15% | $3,843 |
| 20% | $5,882 |