Problem $4-19$ Calculating Future Values $[$LO $1]$

You are scheduled to receive $$14,500$ in three years. When you receive it$,$ you will invest it for nine more years at $9\mathrm{.}75$ percent per year.

$$

How much will you have in twelve years? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$$