To answer this question we will use the following formula for compounded interest:
where A is the final amount, A₀ is the initial amount, r is the interest rate as a decimal number, and t is the number of times that the interest rate is applied.
Substituting A₀=8000, r=0.19, and t=8 we get:
Simplifying the above result we get:
Answer: $32171.08.