Dwayne Wade 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 $12,000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year. What amount will the company receive at the time the lease expires?

The correct answer is "$19,546.74".

Explanation:

The given values are:

Amount,

= $12,000

Years,

= 10

Interest rate,

= 10%

Now,

The future value will be:

⇒  

On substituting the given values in the above formula, we get

⇒                        

⇒                        

⇒                        

⇒                         ($)

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; marketing resource management;