Sandy, a manufacturing engineer, just received a year-end bonus of 26,000 dollars that will be invested immediately. With the expectation of earning at the rate of 8% per year, Sandy hopes to take the...

Sandy, a manufacturing engineer, just received a year-end bonus of 26,000 dollars that will be invested immediately. With the expectation of earning at the rate of 8% per year, Sandy hopes to take the entire amount out in exactly 20 years to pay for a family vacation when the oldest daughter is due to graduate from college. Find the amount of funds that will be available in 20 years.