Kiner Company signed a lease for an office building for a period of 12 years. Under the

Question:

Kiner Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $8,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Kiner receive at the time the lease expires?