Future value of $18,400 @ 10% for 9 years
Amount at the time the lease expires = $8,700 × 2.35795 = $20,514.17
Brief Exercise G-3 Liam Company signed a lease for an office building for a period of...
Brief Exercise A-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $8,100 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...
Liam Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $7,300 is made. The deposit will be returned at the expiration of the lease with interest compounded at 7% 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...
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. What amount will Liam receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.)
Brief Exercise 6-3 Crane Company signed a lease for an office building for a period of 14 years. Under the lease agreement, a security deposit of $9,100 is made. The deposit will be returned at the expiration of the ease with interest compounded to per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 (For calculation purposes, we decimal places as displayed in...
Blossom Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $11,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Blossom receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the...
Skysong, Inc. signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $7,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 7% 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 Skysong, Inc. receive at the time the lease expires? (Round answer to...
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...
Sheridan Company signed a lease for an office building for a period of 13 years. Under the lease agreement, a security deposit of $10,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 10% per year. Amount at the time the lease expires?
Having trouble trying to figure out how to solve these two, thanks Brief Exercise G-3 Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,200 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 Future Value of 1 Click here to view the factor table Future Value of...
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 $12,290 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...