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Cullumber Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,400
Cullumber Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 7% per year. Click here to view the factor table. What amount will Cullumber receive at the time the lease expires? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 25.25) Amount at the time the lease expires S
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