Joyce Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $8,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.)

What amount will Joyce receive at the time the lease expires? $______________