$950 at 6% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
After investing for 15 years at 6% interest, your initial investment of $950 will have grown to $2,277.
You will have earned $1,327 in interest.
How much will savings of $950 be worth in 15 years if invested at a 6.00% interest rate?
This calculator determines the future value of $950 invested for 15 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?"
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $950 at 6% Interest
Year |
Amount |
0 |
$950.00 |
1 |
$1,007 |
2 |
$1,067 |
3 |
$1,131 |
4 |
$1,199 |
5 |
$1,271 |
6 |
$1,348 |
7 |
$1,428 |
8 |
$1,514 |
9 |
$1,605 |
10 |
$1,701 |
11 |
$1,803 |
12 |
$1,912 |
13 |
$2,026 |
14 |
$2,148 |
15 |
$2,277 |
$950 for 15 Years by Interest Rate
Rate |
Amount |
1% |
$1,103 |
2% |
$1,279 |
3% |
$1,480 |
4% |
$1,711 |
5% |
$1,975 |
6% |
$2,277 |
8% |
$3,014 |
10% |
$3,968 |
12% |
$5,200 |
15% |
$7,730 |
20% |
$14,637 |