Brief Exercise G-3 Liam Company Signed A Lease For An Office Building For A Period Of 9 Years. Under The Lease Agreement, A Security Deposit Of $7,200 Is Made. The Deposit Will Be Returned At The Expiration Of The Lease With Interest Compounded At 6% Per Year To View The Factor Talb (For Calculation Purposes, Use 5 Decimal Places As Displayed In The Factor

 

Brief Exercise G-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $7,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 6% 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 Liam receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires