An Individual Retirement Account (IRA) has $17,000 in it, and the owner decides not to add any more money to the account other than interest earned at 5% compounded daily. How much will be in the account 40 years from now when the owner reaches retirement age? Use a 365-day year.

The amount in the account at retirement age is

$enter your response here.

(Do not round until the final answer. Then round to two decimal places as needed.)