Kyra borrowed $9,500 for 3 years from a family member to finance her small business. The loan carries interest at 6% compounded quarterly for the first 1 years, increasing to 8% compounded quarterly for the subsequent 2 years. What amount will be required to fully repay the debt if no payments were made before the expiry of the 3 year term? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)