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What amount will porter receive at the time lease expires

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Reference no: EM13873315

Porter Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $10,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 4% per year. What amount will Porter receive at the time the lease expires?

Reference no: EM13873315

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