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Lee Wills loaned Audrey Chin $17,300 to open Snip Its Hair Salon. After 5 years, Audrey will repay Lee with 16% interest compounded quarterly. How

Lee Wills loaned Audrey Chin $17,300 to open Snip Its Hair Salon. After 5 years, Audrey will repay Lee with 16% interest compounded quarterly. How much will Lee receive at the end of 5 years? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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