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What amount will the company receive

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Question - Cheyenne 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 $12,100 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year. What amount will the company receive at the time the lease expires?

Reference no: EM132503933

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