On January 1, 2000, an investor opened a new investment account and deposited $10,000. No deposits or withdrawals were made for the next three years, and the balance grew to $11,910.16 as of January 1, 2003. If no further deposits or withdrawals were made, what was the balance on January 1, 2008 if the investment account paid the same annual rate of interest throughout the entire time period?