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The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $200,300 per year for the next 10 years and an additional

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The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $200,300 per year for the next 10 years and an additional $2,003,000 at the end of the 10th year. The seller of the jet is charging 6% annual interest. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the liability that would be recorded by Holdsworth on the purchase date. (Round your answer to the nearest whole dollar.) Present value

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