$10,000 at 5% Compounded Daily for 5 Years
Future Value
$12,840
Total Interest
$2,840
Total Invested
$10,000
Principal: $10,000
Rate: 5%
Period: 5 years
Compounding: daily
Year-by-Year Breakdown
| Year | Balance | Interest | Contributions |
|---|---|---|---|
| 1 | $10,513 | $513 | $10,000 |
| 2 | $11,052 | $1,052 | $10,000 |
| 3 | $11,618 | $1,618 | $10,000 |
| 4 | $12,214 | $2,214 | $10,000 |
| 5 | $12,840 | $2,840 | $10,000 |
A one-time investment of $10,000 at 5% compounded daily grows to $12,840 in 5 years. That's $2,840 in interest — a 28% total return.
Key Insights
- At 5%, your money doubles roughly every 14 years (Rule of 72).
- The effective annual rate (APY) with daily compounding is 5.13% — slightly better than the nominal 5% APR.
- Daily compounding earns $77 more than annual compounding over this period.
Want to adjust these numbers? Open this scenario in the calculator to change the rate, time period, or add contributions.