Question: Wildhorse Co. signed a lease for an office building for a period of 8 years. Under the lease agreement, a security deposit of $9,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 9% per year. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
What amount will Wildhorse receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.)