Dwayne Wade 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 $13,740 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 10% per year.
What amount will the company receive at the time the lease expires?

$39,202

Explanation:

Data provided in the question

Lease period = 11 years

Security deposit = $13,740

So by considering the above information

The company received amount when the lease expired is

= Principal amount × compound interest factor at 10% for 11 years

= $13,740 × 2.85312

= $39,202

Refer to the compound interest factor table

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

750 h and costs $0.60 per bulb.