Within Power Shell type the following commands
$inManagedAcct = Read-Host 'Service Account'
$managedAcct = Get-SPManagedAccount $inManagedAcct
$inPass = Read-Host 'Enter Password' -AsSecureString
$inPassConfirm = Read-Host 'Confirm Password' -AsSecureString
Set-SPManagedAccount -Identity $managedAcct -NewPassword $inPass -ConfirmPassword $inPassConfirm -SetNewPassword