need b1

(a) Your answer is correct Pearl Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,870 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. 1.25124 and final answer to decimal places, eg. 458,581.) The company will receive 26704 e Textbook and Media Attempts: 1 of 3 used (61) Martinez Corporation, having recently issued a $ 20,101.200, 15-year bond issue is committed to make annual sinking fund deposits of $ 620,500. 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 annuity $ Will funds be sufficient? e Textbook and Media Save for later Attempts: 0 of 3 used Submit