Upon graduating from college 40 years ago, Dr. Nick Riviera was already thinking of retirement. Since then he has made deposits into his retirement fund on a monthly basis in the amount of $110. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned an annual rate of 6.5% interest which is compounded monthly. How much has Nick accumulated in his retirement account? $227,139 $193,195 $231.834 $251,198