Brief Exercise A-3 Liam Company signed a lease for an office building for a period...
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Brief Exercise A-3 Liam Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $8,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires & Click if you would like to Show Work for this question: Open Show Work
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