## Simulation of investment $1 000 at 6% over 24 months

See how much you may gain if you invest $1 000 at 6% over 24 months period.

Initial equity: | $1 000 |

Sum of payments: | $4 800 |

Interest rate: | 6% |

Investment duration: | 24 months |

Final equity: | $6 227 |

Interest: | $427 |

### Compound Interest Table

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

1 year | $3 400 | $137 | $3 511 |

2 year | $5 800 | $427 | $6 146 |

$5 800 | $427 | $6 227 |

An investment of $1 000 at 6% interest rate with monthly payment $200 over 24 months will bring you $427 in return. The final equity will be $6 227.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 200 for 2 years at 6.6% per year with an initial starting balance of 1000
- Monthly deposit of 200 for 2 years at 7.2% 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 200 for 3 years at 6% per year with an initial starting balance of 1000
- Monthly deposit of 200 for 4 years at 6% per year with an initial starting balance of 1000

#### Bigger initial balance

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