Provide your best answer for the following math problem. Give ONLY the answer, no other words or explanation.
For example:

Answer: <most likely answer, as short as possible; not a complete sentence, just the answer!>.

The problem is: if money is invested at r percent interest , compounded annually , the amount of investment will double in approximately 70 / r years . if pat ' s parents invested $ 7000 in a long term bond that pays 8 percent interest , compounded annually , what will be the approximate total amount of investment 18 years later , when pat is ready for college ?
$ 28000
$18,512.13.