## Simulation of investment $1 000 at 7% over 96 months

See how much you may gain if you invest $1 000 at 7% over 96 months period.

Initial equity: | $1 000 |

Sum of payments: | $0 |

Interest rate: | 7% |

Investment duration: | 96 months |

Final equity: | $1 718 |

Interest: | $718 |

### Compound Interest Table

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

1 year | $1 000 | $70 | $1 057 |

2 year | $1 000 | $145 | $1 117 |

3 year | $1 000 | $225 | $1 182 |

4 year | $1 000 | $311 | $1 252 |

5 year | $1 000 | $403 | $1 326 |

6 year | $1 000 | $501 | $1 406 |

7 year | $1 000 | $606 | $1 491 |

8 year | $1 000 | $718 | $1 582 |

$1 000 | $718 | $1 718 |

An investment of $1 000 at 7% interest rate with monthly payment $0 over 96 months will bring you $718 in return. The final equity will be $1 718.

### 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.