The Hendersons are saving up to go on a family vacation in 3 years. They invest $2800 into an account with an annual interest rate of 1.27% compounded monthly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Assuming no withdrawals are made, how much money is in the Hendersons' account after 3 years? S How much interest is earned on the Hendersons' investment after 3 years? $0 (b) X

The Hendersons are saving up to go on a family vacation in 3 years. They irvest $2800 into an account with an annuad interest rate of 1.27% compounded monthily. Answer the questions beiow. Do not round any intermediate computations, and round your final answers to the nesrest cent if necessary, refer to the list of financiat formulash