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The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $201,700 per year for the next 10 years and an additional

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The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $201,700 per year for the next 10 years and an additional $2,017,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest. (FV of $1. PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the liability that would be recorded by Jenkins. (Round your answer to the nearest whole dollar.) Present value

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