Pharoah Company recently signed a lease for a new office building, for a lease period of 11years. Under the lease agreement, a security deposit of $ 12,650is made, with the deposit to be returned at the expiration of the lease, with interest compounded at5% per year. 1) What amount will the company receive at the time the lease expires? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

2) Novak Corporation, having recently issued a $ 20,141,900, 15-year bond issue, is committed to make annual sinking fund deposits of $ 622,900. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the end of 15years be sufficient to retire the bonds?

Future value of an ordinary annuity		$ enter a dollar amount rounded to 0 decimal places
Will funds be sufficient?