## Simulation of investment $1 000 at 9% over 96 months

See how much you may gain if you invest $1 000 at 9% over 96 months period.

Initial equity: | $1 000 |

Sum of payments: | $48 000 |

Interest rate: | 9% |

Investment duration: | 96 months |

Final equity: | $71 347 |

Interest: | $22 347 |

### Compound Interest Table

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

1 year | $7 000 | $379 | $7 307 |

2 year | $13 000 | $1 331 | $14 078 |

3 year | $19 000 | $2 910 | $21 357 |

4 year | $25 000 | $5 170 | $29 188 |

5 year | $31 000 | $8 174 | $37 621 |

6 year | $37 000 | $11 989 | $46 711 |

7 year | $43 000 | $16 686 | $56 516 |

8 year | $49 000 | $22 347 | $67 101 |

$49 000 | $22 347 | $71 347 |

An investment of $1 000 at 9% interest rate with monthly payment $500 over 96 months will bring you $22 347 in return. The final equity will be $71 347.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 500 for 8 years at 9.9% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 8 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 500 for 9 years at 9% per year with an initial starting balance of 1000
- Monthly deposit of 500 for 10 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.