calculate-interest.netSimulation of investment $1 000 at 8% over 24 months
See how much you may gain if you invest $1 000 at 8% over 24 months period.
| Initial equity: | $1 000 |
| Sum of payments: | $12 000 |
| Interest rate: | 8% |
| Investment duration: | 24 months |
| Final equity: | $14 181 |
| Interest: | $1 181 |
Compound Interest Table
| Period | Invested equity | Interest | Final equity |
|---|---|---|---|
| 1 year | $7 000 | $337 | $7 273 |
| 2 year | $13 000 | $1 181 | $13 956 |
| $13 000 | $1 181 | $14 181 |
An investment of $1 000 at 8% interest rate with monthly payment $500 over 24 months will bring you $1 181 in return. The final equity will be $14 181.
Alternative simulations
Higher interest rate
See how much you could gain if interest rate were higher.
- Monthly deposit of 500 for 2 years at 8.8% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 2 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 500 for 3 years at 8% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 4 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.