## Simulation of investment $1 200 at 8% over 60 months

See how much you may gain if you invest $1 200 at 8% over 60 months period.

Initial equity: | $1 200 |

Sum of payments: | $6 000 |

Interest rate: | 8% |

Investment duration: | 60 months |

Final equity: | $9 105 |

Interest: | $1 905 |

### Compound Interest Table

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

1 year | $2 400 | $147 | $2 519 |

2 year | $3 600 | $403 | $3 926 |

3 year | $4 800 | $774 | $5 427 |

4 year | $6 000 | $1 271 | $7 030 |

5 year | $7 200 | $1 905 | $8 743 |

$7 200 | $1 905 | $9 105 |

An investment of $1 200 at 8% interest rate with monthly payment $100 over 60 months will bring you $1 905 in return. The final equity will be $9 105.

### Alternative simulations

#### Higher interest rate

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

- Monthly deposit of 100 for 5 years at 8.8% per year with an initial starting balance of 1200
- Monthly deposit of 100 for 5 years at 9.6% per year with an initial starting balance of 1200

#### Longer time of investment

See how much you could gain if time of investment were longer.

- Monthly deposit of 100 for 6 years at 8% per year with an initial starting balance of 1200
- Monthly deposit of 100 for 7 years at 8% per year with an initial starting balance of 1200

#### Bigger initial balance

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