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

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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