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Concord Corporation maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 8
Concord Corporation maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 8 years. Under the lease agreement, a security deposit of $24000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 9% per year. What amount will the company receive at the time the lease expires?
$25545.
$132836.
$41280.
$47821.
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