$8,000 at 9% Interest for 8 Years
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 9% interest, your $8,000 investment will have grown to $15,941
How much will savings of $8,000 be worth in 8 years if invested at a 9.00% interest rate?
This calculator determines the future value of $8k invested for 8 years at a constant yield of 9.00% 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.
Growth of $8,000 at 9% Interest
Year | Amount |
---|---|
0 | $8,000 |
1 | $8,720 |
2 | $9,505 |
3 | $10,360 |
4 | $11,293 |
5 | $12,309 |
6 | $13,417 |
7 | $14,624 |
8 | $15,941 |
$8,000 for 8 Years by Interest Rate
Rate | Amount |
---|---|
1% | $8,663 |
2% | $9,373 |
3% | $10,134 |
4% | $10,949 |
5% | $11,820 |
6% | $12,751 |
8% | $14,807 |
10% | $17,149 |
12% | $19,808 |
15% | $24,472 |
20% | $34,399 |
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