(Solved): Use the formula for computing future value using compound interest to determine the value of an acc ...

Use the formula for computing future value using compound interest to determine the value of an account at the end of 8 years if a principal amount of \( \$ 32,000 \) is deposited in an account at an annual interest rate of \( 3.19 \% \) and the interest is compounded quarterly. (Round the answer to nearest cent as needed. Type thousands, dollars, and cents in the three given blanks.)