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Having trouble trying to figure out how to solve these two, thanks Brief Exercise G-3 Crane Company signed a lease for an office building for
Having trouble trying to figure out how to solve these two, thanks
Brief Exercise G-3 Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future 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, e.g. 25.25.) Amount at the time the lease expires Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT Brief Exercise G-4 Blossom Company issued $1,500,000, 14-year bonds and agreed to make annual sinking fund deposits of $72,900. The deposits are made at the end of each year into an account paying 6% annual interest Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 14 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $ Open Show Work Click if you would like to Show Work for this question: LINK TO TEXTStep by Step Solution
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