Use the table to answer the question.
Monthly Contribution
(dollars)
Total Amount after 7 Years of Investment
with a 4% Annual Interest Rate (dollars)
25 2,426.92
50 4,853.83
75 7,280.75
100 9,707.67
The information in the table shows how much a specific monthly contribution will result in after 7 years of investment with a 4% annual interest rate, compounded monthly.
If the goal is to have at least $7,000 after 7 years, what is the minimum amount that this investor should invest each month?
(1 point)