Question 7 of 9 > This question: 3 point(s) possible Submit quiz 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 $11,000 is deposited in an account at an annual interest rate of 6% and the interest is compounded quarterly. The amount after 8 years will be $ (Round to the nearest cent as needed.) 2