## Simulation of investment $1 000 at 8.8% over 24 months

See how much you may gain if you invest $1 000 at 8.8% over 24 months period.

Initial equity: | $1 000 |

Sum of payments: | $9 600 |

Interest rate: | 8.8% |

Investment duration: | 24 months |

Final equity: | $11 678 |

Interest: | $1 078 |

### Compound Interest Table

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

1 year | $5 800 | $314 | $6 054 |

2 year | $10 600 | $1 078 | $11 473 |

$10 600 | $1 078 | $11 678 |

An investment of $1 000 at 8.8% interest rate with monthly payment $400 over 24 months will bring you $1 078 in return. The final equity will be $11 678.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 400 for 2 years at 9.68% per year with an initial starting balance of 1000
- Monthly deposit of 400 for 2 years at 10.56% 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 3 years at 8.8% per year with an initial starting balance of 1000
- Monthly deposit of 400 for 4 years at 8.8% per year with an initial starting balance of 1000

#### Bigger initial balance

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