If Alice Godfried invests $14,000 today at a rate of 4% compounding yearly, what will the value of the investment be in 8 years? 
Definitions:
Estimated Useful Life
The expected period over which an asset is anticipated to be usable by a company.
Obsolescence
The process of an asset, product, or technology becoming outdated or no longer used, often due to advancements in technology or changes in consumer preferences.
Useful Life
The estimated duration that an asset is expected to be functional and economically feasible for use in operations, affecting depreciation calculations.
Outdated
Refers to information, technology, or methods that are no longer current, useful, or in use.
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