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The Howards are saving up to go on a family vacation in 5 years They invest 2200 into an account with an annual interest rate

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The Howards are saving up to go on a family vacation in 5 years They invest 2200 into an account with an annual interest rate of 1 42 compounded daily 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 Assume there are 365 days in each year a Assuming no withdrawals are made how much money is in the Howards account after 5 years b How much interest is earned on the Howards investment after 5 years X

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