$=1$

$=2$

$=3$

$4$

$5$

$6$

Espa$$ol

The Clarks are saving up to go on a family vacation in $2$ years. They invest $$2600$ into an account with an annual interest rate of $1\mathrm{.}16\%$ compounded quarterly.

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 Clarks' account after $2$ years?

$$$

$($b$)$ How much interest is earned on the Clarks' investment after $2$ years?

$S$