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LeMond recently signed a lease for a new office building for a period of 10 years. Under the lease agreement, a security deposit of $12,000

LeMond recently signed a lease for a new office building for a period of 10 years. Under the lease agreement, a security deposit of $12,000 is made, with the deposit to be returned at the expiration of the lease. Interest will be compounded annually at 5 percent each year. What amount will the company receive at the time the lease expires?

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