You deposit $$7,525$ today in a bank account that promises compounding interest payments $($yearly$)$ at a rate of $10\%.$ If you do not make any withdrawals, how much money will you have in such account in $8$ years?

Hint: Keep in mind in compounding interest you gain interest$-$on$-$interest. This is$,$ the interest payments you receive are re$-$invested $($will earn interest in the following period$).$

Keep in mind: If you are using your BA$-$II Plus calculator, you should plug the rate as percentage $($integer$).$ If you are solving by hand you should plug the rate as decimal.

Please do not type the $ symbol. Round your answer to the nearest three decimals if needed.