#### Explanation:

Use the formula for compound growth.

The value increases every year and that value in turn increases the next year.

$V = P {\left(1 + \frac{r}{100}\right)}^{n}$

$V = 65 , 000 {\left(1 + \frac{2}{100}\right)}^{8}$

$V = 65 , 000 {\left(1.02\right)}^{8}$

V = \$76,157.86