5 (I) Over the past several years, Catherine Brown has been able to save regularly. As a result, today she has $54,672 in savings and investments today. She wants to establish her own business in six years and feels she will need $100,000 to do so. Use the following information to answer the questions.

1. If she can earn 4% on her money, how much will her $55,672 in savings/investments be worth in six years? Round the answer to the nearest cent.
2. Will Catherine have the $100,000 she needs?
3. If not, how much more money will she need? Round the answer to the nearest cent.