The Franklins inherited $3,500, which they want to invest

Last updated: 7/19/2022

The Franklins inherited $3,500, which they want to invest for the child's future college expenses. If they invest it at 8.25% with interest compounded monthly, determine the value of the account, in dollars, after 5 years. $5,270.61 $6,200.53 $3,200.47 $5,279.61