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The Franklins inherited $3,500, which they want to invest for the child's future college expenses....

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Basic Math

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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

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