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Crane Company signed a lease for an office building for a period of 8 years. Under the lease agreement, a security deposit of $8,400 is
Crane Company signed a lease for an office building for a period of 8 years. Under the lease agreement, a security deposit of $8,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 8% per year. What amount will Crane receive at the time the lease expires?
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