## Simulation of investment $1 000 at 9% over 60 months

See how much you may gain if you invest $1 000 at 9% over 60 months period.

Initial equity: | $1 000 |

Sum of payments: | $24 000 |

Interest rate: | 9% |

Investment duration: | 60 months |

Final equity: | $31 647 |

Interest: | $6 647 |

### Compound Interest Table

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

1 year | $5 800 | $321 | $6 060 |

2 year | $10 600 | $1 103 | $11 493 |

3 year | $15 400 | $2 387 | $17 333 |

4 year | $20 200 | $4 219 | $23 617 |

5 year | $25 000 | $6 647 | $30 384 |

$25 000 | $6 647 | $31 647 |

An investment of $1 000 at 9% interest rate with monthly payment $400 over 60 months will bring you $6 647 in return. The final equity will be $31 647.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 400 for 5 years at 9.9% per year with an initial starting balance of 1000
- Monthly deposit of 400 for 5 years at 10.8% 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 400 for 6 years at 9% per year with an initial starting balance of 1000
- Monthly deposit of 400 for 7 years at 9% per year with an initial starting balance of 1000

#### Bigger initial balance

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