I will have $32 470.69 in 10 yr.
I am not investing until 2 yr from now so, in 10 yr time, I will have invested for only 8 yr.
The formula for the future value (FV) of my investment is
FV = C(1 + r)^n
where C = my initial cash
r = the interest rate
n = the number of years
FV = $16 000(1.0925)^8 = $32 470.69
