Solve the following problem using either Table $11-1$ or Table $11-2$ from your text. When necessary, create new table factors. $($Round new tabie nearest cent and percents to the nearest hundredth of a percent$)$

Calculate the compound interest on an investment of $$40,000$ at $8\%$ interest, compounded quarterly, for $5$ years.

$$ $$16,000\mathrm{.}00$

$$ $$18,773\mathrm{.}20$

$$19,438\mathrm{.}00$

$$59,438\mathrm{.}00$