## Simulation of investment $1 000 at 8% over 84 months

See how much you may gain if you invest $1 000 at 8% over 84 months period.

Initial equity: | $1 000 |

Sum of payments: | $42 000 |

Interest rate: | 8% |

Investment duration: | 84 months |

Final equity: | $57 543 |

Interest: | $14 543 |

### Compound Interest Table

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

1 year | $7 000 | $337 | $7 273 |

2 year | $13 000 | $1 181 | $13 956 |

3 year | $19 000 | $2 572 | $21 084 |

4 year | $25 000 | $4 555 | $28 690 |

5 year | $31 000 | $7 176 | $36 813 |

6 year | $37 000 | $10 487 | $45 495 |

7 year | $43 000 | $14 543 | $54 780 |

$43 000 | $14 543 | $57 543 |

An investment of $1 000 at 8% interest rate with monthly payment $500 over 84 months will bring you $14 543 in return. The final equity will be $57 543.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 500 for 7 years at 8.8% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 7 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 8 years at 8% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 9 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.