Exercise 6-6 Presented below are three unrelated situations. Nash Company recently signed a lease for a new office building, for a lease period of 11 years. Under the lease agreement, a security deposit of $14,200 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year. Click here to view factor tables What amount will the company receive at the time the lease expires? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The company will receives Crane Corporation, having recently issued a $20,066,900, 15-year bond issue, is committed to make annual sinking fund deposits of $623,400. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Will the fund at the end of 15 years be sufficient to retire the bonds? Future value of an ordinary annuitys Will funds be sufficient? Crane Corporation, having recently issued a $20,066,900, 15-year bond issue, is committed to make annual sinking fund deposits of $623,400. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Deficiency s Under the terms of his salary agreement, president Chris Walters has an option of receiving either an immediate bonus of $55,000, or a deferred bonus of $70,000 payable in 10 years. Click here to view factor tables Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Walters accept? Present value of deferred bonus Click if you would like to Show Work for this question: Open Show Work