Question: Kiner Company signed a lease for an office building for

Kiner Company signed a lease for an office building for a period of 12 years. Under the lease agreement, a security deposit of $8,400 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Kiner receive at the time the lease expires?


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  • CreatedFebruary 17, 2014
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