Crane Companysigned a lease for an office building for a period of14years. Under the lease agreement, a security deposit of $9,100is made. The deposit will be returned at the expiration of the lease with interest compounded at8% per year.

Click here to view the factor table Future Value of 1

Click here to view the factor table Future Value of an Annuity of 1

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

What amount willCranereceive at the time the lease expires?(Round answer to 2 decimal places, e.g. 25.25.)

Amountat the time the lease expires

$

Question 2 --/1 View Policies Current Attempt in Progress Crane Company signed a lease for an ofce building for a period of 14 years. Under the lease agreement, a security deposit of $9,100 is made. The deposit will be returned at the expiration of the lease with interest compounded at 8% per year. Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Crane receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires $