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Grouper Company recently signed a lease for a new office building, for a lease period of 11 years. Under the lease agreement, a security deposit
Grouper 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 $12.230 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, eg. 1.25 124 and final answer to decimal places, e.g. 458,581.)
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