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Porter leased equipment to a customer as part of a sale transaction. Porter will earn 9% annually. Payments of $3,204 are required at the beginning

Porter leased equipment to a customer as part of a sale transaction. Porter will earn 9% annually. Payments of $3,204 are required at the beginning of each of 6 years. What should Porter record as the amount of the sale?

Please show work on excel to calculate the formulas and answer should be used by using PV and/or FV table factors

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