Part 1: Your friend has $7,000 that she wants to invest so that, someday, she will be able to have a wombat rescue in Australia. She estimates that it will cost $20,000 to start her project. Her banker suggests three different investment opportunities.

2. Savings option #2: A CD with an APR of 1.94% compounded daily (6 pts) How long it will take your friend to reach her goal of $20,000 if she puts all her money into this investment? (round answers to 2 decimal places)