Enrique Martinez

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As a teenager, Enrique learned a valuable lesson from his dad, who told him to invest $$1,000$ at $8$ percent interest at age $20$ and leave the money alone until age $65.$ Enrique's dad knew that one strategy used by wealthy people is to exercise self$-$discipline and never touch a long$-$term savings plan. Enrique is happy to apply his dad's advice.

If his savings account earns a more aggressive $14$ percent annual rate of return, Enrique's savings will be worth approximately $\_\_\_\_\_\_\_\_$ more by age $68.$

Group of answer choices

$$4,145$

$$538,807$

$$498,596$

$$245,473$