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Kathy Crag, owner of The Fabric Corner, loaned $15,000 to Dani Flynn to open her own Hallmark card shop. Dani plans to repay Kathy the

Kathy Crag, owner of The Fabric Corner, loaned $15,000 to Dani Flynn to open her own Hallmark card shop. Dani plans to repay Kathy the $15,000 plus 8% interest compounded quarterly as a lump sum at the end of 12 years. How much will Kathy receive from Dani at the end of 12 years?

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