$17,600

5 years

8%

Lee Wills Ioaned Audrey Chin $17,600 to open Snip its Hair Salon. After 5 years, Audrey will repoy Lee with 8% interest compounded quarterly. How much will Lee receive at the end of 5 years? (Use the Table provided) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Future value interest factor of S1 ner period at i% for n neriods. FVIFti.n)