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Blossom Company signed a lease for an office building for a period of 8 years. Under the lease agreement, a security deposit of $7,000 is
Blossom Company signed a lease for an office building for a period of 8 years. Under the lease agreement, a security deposit of $7,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Blossom receive at the time the lease expires
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