## Simulation of investment $1 000 at 6% over 60 months

See how much you may gain if you invest $1 000 at 6% over 60 months period.

Initial equity: | $1 000 |

Sum of payments: | $6 000 |

Interest rate: | 6% |

Investment duration: | 60 months |

Final equity: | $8 321 |

Interest: | $1 321 |

### Compound Interest Table

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

1 year | $2 200 | $99 | $2 280 |

2 year | $3 400 | $275 | $3 623 |

3 year | $4 600 | $534 | $5 033 |

4 year | $5 800 | $881 | $6 514 |

5 year | $7 000 | $1 321 | $8 070 |

$7 000 | $1 321 | $8 321 |

An investment of $1 000 at 6% interest rate with monthly payment $100 over 60 months will bring you $1 321 in return. The final equity will be $8 321.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 100 for 5 years at 6.6% per year with an initial starting balance of 1000
- Monthly deposit of 100 for 5 years at 7.2% 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 100 for 6 years at 6% per year with an initial starting balance of 1000
- Monthly deposit of 100 for 7 years at 6% per year with an initial starting balance of 1000

#### Bigger initial balance

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