$950 at 8% Interest for 15 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 15 years at 8% interest, your initial investment of $950 will have grown to $3,014.
You will have earned $2,064 in interest.
How much will savings of $950 be worth in 15 years if invested at a 8.00% interest rate?
This calculator determines the future value of $950 invested for 15 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 $950 at 8% Interest
| Year | Amount |
|---|---|
| 0 | $950.00 |
| 1 | $1,026 |
| 2 | $1,108 |
| 3 | $1,197 |
| 4 | $1,292 |
| 5 | $1,396 |
| 6 | $1,508 |
| 7 | $1,628 |
| 8 | $1,758 |
| 9 | $1,899 |
| 10 | $2,051 |
| 11 | $2,215 |
| 12 | $2,392 |
| 13 | $2,584 |
| 14 | $2,790 |
| 15 | $3,014 |
$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 |