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Xavier, the owner of The Fabric Corner, lent $16,000 to Dani to open her own card shop. Dani plans to repay Xavier at the end

Xavier, the owner of The Fabric Corner, lent $16,000 to Dani to open her own card shop. Dani plans to repay Xavier at the end of seven years with 8% interest compounded quarterly. How much will Xavier receive at the end of seven years? Note: Use Table factor for calculations

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