What amount will wildhorse receive at time lease expires

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Reference no: EM131263863

Wildhorse company signed a lease for an office building for a period of 14 years. Under the lease agreement, a security deposit of $8600 is made. the deposit will be returned at the expiration of the lease with interest compounded at 4% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What amount will Wildhorse receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25)

Reference no: EM131263863

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