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Current Attempt in Progress Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security
Current Attempt in Progress Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of 59,600 is made. The deposit will be returned at the expiration of the lease with interest compounded at 6% per year. Click below to view the factor tables, Table 1. Future Value of 1 Table 2 Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present 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, eg. 25.25) $ Amount at the time the lease expires
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