Windsor Company recently signed a lease for a new office building, for a lease period of 11 years. Under the lease agreement, a security deposit of $12,650 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, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The company will receive

$enter a dollar amount rounded to 0 decimal places

Your answer has been saved. See score details after the due date.

Sheridan 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%. 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		$enter a dollar amount rounded to 0 decimal places
Will funds be sufficient?		select between Yes and No NoYes

Your answer has been saved. See score details after the due date.

Sheridan 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%. Click here to view factor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Deficiency

$enter a dollar amount rounded to 0 decimal places

Your answer has been saved. See score details after the due date.

Under the terms of his salary agreement, president Steve Walters has an option of receiving either an immediate bonus of $60,500, or a deferred bonus of $77,000 payable in 10 years. Click here to view factor tables Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Walters accept?

Present value of deferred bonus		$enter a dollar amount rounded to 0 decimal places
select an option Accept Deffered Bonus in 10 yearsAccept Bonus Now