Ed invests $5,500 into the stock market which earns 2% per year. In 20 years, how much will Ed's inv

Discussion in 'Calculator Requests' started by math_celebrity, Jan 15, 2022.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Ed invests $5,500 into the stock market which earns 2% per year. In 20 years, how much will Ed's investment be worth if interest is compounded monthly? Round to the nearest dollar.

    20 years * 12 months per year = 240 months

    Using our compound interest calculator, we get:
    8,276.87
     

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