A bank offers an investment account with an annual interest rate of 1.13% compounded annually. Maria invests $4200 into the account for 2 years.
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 Maria's account
after 2 years?
$
(b) How much interest is earned on Maria's investment after 2 years?