How much money will your investment be worth if you let the interest grow?

Amount

$

Interest Rate

%

Years to Invest

After investing for 8 years at 1% interest, your initial investment of $5 will have grown to $5.41.

You will have earned $0.41 in interest.

How much will savings of $5 be worth in 8 years if invested at a 1.00% interest rate?

This calculator determines the future value of $5 invested for 8 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 $5 at 1% Interest

Year | Amount |
---|---|

0 | $5.00 |

1 | $5.05 |

2 | $5.10 |

3 | $5.15 |

4 | $5.20 |

5 | $5.26 |

6 | $5.31 |

7 | $5.36 |

8 | $5.41 |

$5 for 8 Years by Interest Rate

Rate | Amount |
---|---|

1% | $5.41 |

2% | $5.86 |

3% | $6.33 |

4% | $6.84 |

5% | $7.39 |

6% | $7.97 |

8% | $9.25 |

10% | $10.72 |

12% | $12.38 |

15% | $15.30 |

20% | $21.50 |