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Blossom Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $11, 400
Blossom Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $11, 400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Blossom receive at the time the lease expires? (Round answer to 2 decimal places, eg. 25.25.) Amount at the time the lease expires $ ______
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