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$5,000 invested for 5 years at 8%
Exact compound math for the given inputs.
$7,449.23
future value (monthly compounding, no deposits)
Principal$5,000.00
Interest earned$2,449.23
Growth multiple1.49×
Rule of 729.0 yrs to double
Frequently asked questions
How much will $5,000 be worth in 5 years at 8%?
With monthly compounding it grows to $7,449.23 — that is $2,449.23 of interest earned on $5,000.00.
What if compounding is annual instead of monthly?
Annual compounding gives $7,346.64 — more frequent compounding always yields slightly more.
How long until it doubles?
The Rule of 72 estimates 9.0 years at 8% (9.00 precisely).
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Change the numbers yourself
Open the interactive compound interest calculator — every field is editable.