Consumer Mathematics

Finding the future value and interest for an investment earning compoun...

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Laura received a $$1900$ bonus. She decided to invest it in a $3-$year certificate of deposit $($CD$)$ with an annual interest rate of $1\mathrm{.}35\%$ 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 Laura's account after $3$ years?

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$($b$)$ How much interest is earned on Laura's investment after $3$ years?

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