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Sweet Company recently signed a lease for a new office building, for a lease period of...

Sweet 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 $14,110 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 $

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Answer #1
Amount of Security deposit 14110
X Future value factor if $1 1.62889 =(1.05)^10
The company will receive 22984
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