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Blue Spruce Corp. signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $10,000
Blue Spruce Corp. signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $10,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 11% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Blue Spruce Corp. receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires $ Charles and Susan Garfield invested $7,600 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,400 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthdays Hugh Curtin borrowed $32,000 on July 1, 2022. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Hugh have to repay on July 1, 2027? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2027 $
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