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Vaughn Manufacturing maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 10
Vaughn Manufacturing maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $43000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 8% per year. What amount will the company receive at the time the lease expires?
$49591.
$288533.
$92834.
$77400.
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