$950 at 7% Interest for 20 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 20 years at 7% interest, your initial investment of $950 will have grown to $3,676.
You will have earned $2,726 in interest.
How much will savings of $950 be worth in 20 years if invested at a 7.00% interest rate?
This calculator determines the future value of $950 invested for 20 years at a constant yield of 7.00% 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 7% Interest
| Year | Amount |
|---|---|
| 0 | $950.00 |
| 1 | $1,017 |
| 2 | $1,088 |
| 3 | $1,164 |
| 4 | $1,245 |
| 5 | $1,332 |
| 6 | $1,426 |
| 7 | $1,525 |
| 8 | $1,632 |
| 9 | $1,747 |
| 10 | $1,869 |
| 11 | $2,000 |
| 12 | $2,140 |
| 13 | $2,289 |
| 14 | $2,450 |
| 15 | $2,621 |
| 16 | $2,805 |
| 17 | $3,001 |
| 18 | $3,211 |
| 19 | $3,436 |
| 20 | $3,676 |
$950 for 20 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $1,159 |
| 2% | $1,412 |
| 3% | $1,716 |
| 4% | $2,082 |
| 5% | $2,521 |
| 6% | $3,047 |
| 8% | $4,428 |
| 10% | $6,391 |
| 12% | $9,164 |
| 15% | $15,548 |
| 20% | $36,421 |