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Cullumber Company recently signed a lease for a new office building, for a lease period of 1 2 years. Under the lease agreement, a security
Cullumber Company recently signed a lease for a new office building, for a lease period of years. Under the lease agreement, a
security deposit of $ is made, with the deposit to be returned at the expiration of the lease, with interest compounded
at per year.
Click here to view factor tables.
What amount will the company receive at the time the lease expires? Round factor values to decimal places, eg and final
answer to decimal places, eg
The company will receive $
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