Michael plans to deposit $2,500 quarterly for 35 years at 7.25% interest, compounded monthly. How much will he have in the account in 35 years?
A. $1,644,025.18
B. $350,000
C. $375,375
D. $1,238,125
Please explain the answer with steps!
NEED HELP ASAP!!! 100 POINTS
