Question
1. Blossom Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security
1. Blossom Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,400 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year.
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What amount will the company receive at the time the lease expires? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The company will receive
2.
Adams Inc. will deposit $37,400 in a 10% fund at the end of each year for 10 years beginning December 31, 2017. Click here to view factor tables What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Amount in fund |
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