## Simulation of investment $1 000 at 6% over 96 months

See how much you may gain if you invest $1 000 at 6% over 96 months period.

Initial equity: | $1 000 |

Sum of payments: | $0 |

Interest rate: | 6% |

Investment duration: | 96 months |

Final equity: | $1 594 |

Interest: | $594 |

### Compound Interest Table

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

1 year | $1 000 | $60 | $1 049 |

2 year | $1 000 | $124 | $1 100 |

3 year | $1 000 | $191 | $1 155 |

4 year | $1 000 | $262 | $1 213 |

5 year | $1 000 | $338 | $1 274 |

6 year | $1 000 | $419 | $1 339 |

7 year | $1 000 | $504 | $1 408 |

8 year | $1 000 | $594 | $1 481 |

$1 000 | $594 | $1 594 |

An investment of $1 000 at 6% interest rate with monthly payment $0 over 96 months will bring you $594 in return. The final equity will be $1 594.

### Alternative simulations

#### Higher interest rate

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

#### Longer time of investment

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

#### Bigger initial balance

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