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Sandhill Co. signed a lease for an Office building for a period of 14 years. Under the lease agreement, a security deposit of $10, 300
Sandhill Co. signed a lease for an Office building for a period of 14 years. Under the lease agreement, a security deposit of $10, 300 is made. The deposit will be returned at the expiration of the lease with interest compounded at 11% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Sandhill receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires $ Blossom Company issued $1, 300,000, 13-year bonds and agreed to make annual sinking fund deposits of $73, 900. The deposits are made at the end of each year into an account paying 6% annual interest. (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 13 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $
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