## Simulation of investment $1 000 at 8% over 120 months

See how much you may gain if you invest $1 000 at 8% over 120 months period.

Initial equity: | $1 000 |

Sum of payments: | $36 000 |

Interest rate: | 8% |

Investment duration: | 120 months |

Final equity: | $56 544 |

Interest: | $19 544 |

### Compound Interest Table

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

1 year | $4 600 | $234 | $4 790 |

2 year | $8 200 | $775 | $8 828 |

3 year | $11 800 | $1 647 | $13 134 |

4 year | $15 400 | $2 877 | $17 731 |

5 year | $19 000 | $4 494 | $22 640 |

6 year | $22 600 | $6 527 | $27 887 |

7 year | $26 200 | $9 012 | $33 499 |

8 year | $29 800 | $11 983 | $39 506 |

9 year | $33 400 | $15 479 | $45 938 |

10 year | $37 000 | $19 544 | $52 831 |

$37 000 | $19 544 | $56 544 |

An investment of $1 000 at 8% interest rate with monthly payment $300 over 120 months will bring you $19 544 in return. The final equity will be $56 544.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 300 for 10 years at 8.8% per year with an initial starting balance of 1000
- Monthly deposit of 300 for 10 years at 9.6% 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 300 for 11 years at 8% per year with an initial starting balance of 1000
- Monthly deposit of 300 for 12 years at 8% per year with an initial starting balance of 1000

#### Bigger initial balance

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