Andrea wants to have $$9500$ to travel to France when she is $22$. She currently has $$5976$ in a savings account earning $5\%$ annual compound interest. Andrea is $14$ now.

1. If she does not take out or deposit any money, how much money will Andrea have when she is $18$?

   Hint (a):

   Formula for compound interest:

   $A = P(1 + r)^n$

   More Help (a):

   $$5976\left(1+0.05\right)^4$

   Answer (a):

   $$7263.87$

2. Will Andrea have enough money for her trip when she is $22$?

   Hint (b):

   Find how much money Andrea will have in $8$ years.

   More Help (b) 1:

   Use the formula from part (a).

   More Help (b) 2:

   Is this amount enough?