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Jenkins Corp. plans to make an investment today that promises to return $15,000 each year for ten (10) years beginning one year from today. The

Jenkins Corp. plans to make an investment today that promises to return $15,000 each year for ten (10) years beginning one year from today. The investment account will earn 8% compounded annually. At the end of ten years, the investment account balance will be zero. 

What should be the amount of Jenkins Corp.'s original investment?


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