## Simulation of investment $1 000 at 4% over 96 months

See how much you may gain if you invest $1 000 at 4% over 96 months period.

Initial equity: | $1 000 |

Sum of payments: | $48 000 |

Interest rate: | 4% |

Investment duration: | 96 months |

Final equity: | $57 845 |

Interest: | $8 845 |

### Compound Interest Table

Period | Invested equity | Interest | Final equity |
---|---|---|---|

1 year | $7 000 | $169 | $7 137 |

2 year | $13 000 | $585 | $13 474 |

3 year | $19 000 | $1 258 | $20 019 |

4 year | $25 000 | $2 197 | $26 780 |

5 year | $31 000 | $3 414 | $33 766 |

6 year | $37 000 | $4 920 | $40 985 |

7 year | $43 000 | $6 726 | $48 448 |

8 year | $49 000 | $8 845 | $56 164 |

$49 000 | $8 845 | $57 845 |

An investment of $1 000 at 4% interest rate with monthly payment $500 over 96 months will bring you $8 845 in return. The final equity will be $57 845.

### Alternative simulations

#### Higher interest rate

See how much you could gain if interest rate were higher.

- Monthly deposit of 500 for 8 years at 4.4% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 8 years at 4.8% per year with an initial starting balance of 1000

#### Longer time of investment

See how much you could gain if time of investment were longer.

- Monthly deposit of 500 for 9 years at 4% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 10 years at 4% per year with an initial starting balance of 1000

#### Bigger initial balance

See how much you could gain if initial balance were higher.