Richard is saving up money to buy a car. He deposits $5,000.00 into an account that earns 14% interest, compounded quarterly. How much will he have in the account after 8 years? Use the formula A=P(1 + r/n) * (nt), where A is the final balance, P is the principal, r is the interest rate as a decimal, n is the number of times interest is compounded per year, and t is the time in years. Round your answer to the nearest cent.