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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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