## Simulation of investment $24 000 at 5% over 12 months

See how much you may gain if you invest $24 000 at 5% over 12 months period.

Initial equity: | $24 000 |

Sum of payments: | $0 |

Interest rate: | 5% |

Investment duration: | 12 months |

Final equity: | $25 200 |

Interest: | $1 200 |

### Compound Interest Table

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

1 year | $24 000 | $1 200 | $24 972 |

$24 000 | $1 200 | $25 200 |

An investment of $24 000 at 5% interest rate with monthly payment $0 over 12 months will bring you $1 200 in return. The final equity will be $25 200.

### Alternative simulations

#### Higher interest rate

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

#### Longer time of investment

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

#### Bigger initial balance

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