The Lopez family is saving $275 monthly for Verona's college education. The family anticipates they will need to contribute $10,000 toward her first year of college, which is in 3 years. Which best explains whether or not the family can expect to have enough money after saving for 3 years?
A. The family will not have enough money. They will have saved only $8,250.
B. The family will not have enough money. They will have saved only $9,900.
C. The family will likely have enough money. They will have saved $8,250 and have accumulated interest.
D. The family will likely have enough money. They will have saved $9,900 and have accumulated interest.
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