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The Jenkins Corporation has purchased an executive jet The company has agreed pay $200,000 per year the next 10 years and an additional $1,000,000 at

The Jenkins Corporation has purchased an executive jet The company has agreed pay $200,000 per year the next 10 years and an additional $1,000,000 at the end of the 10th year The seller of jet is charging 6% annual interest. Determine the liability that would be recorded by Jenkins. (Use the appropriate factor(s) from the tables provided.)

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