Evaluating Exponential Equations
In 20145 taci invested \( \$ 14,500 \) in a savings account for her newbort 50 . The account pays \( 5 \% \) interest ach year. Determine the accrued value of the account in the year 2032, when her son will go to college. Round your answer the nearest cent.
In the year 2032, the accrued value will be \( \$ \) \( \square \)