President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was made in the form of a noninterest bearing note requiring President to make annual payments of 6,000 on each September 30, beginning on September 2027 Required: Calculate the amount at which President should record the note payable and corresponding purchase on September 30, 2024 assuming that an interest rate of 12property reflects the time value of money in this situation Note: Use tables, Excel, or a financial calculator Round your final answers to nearest whole dollar amountRound your Intermediate calculations to the nearest whole dollar(EV of 1 EVA of of EVAD of and PVAD Amount recorded 455

President Company purchased merchandise from Captain Corporation on September 30,2024 , Payment was made in the form of a noninterest-bearing note requiring President to make six annual payments of $6,000 on each Septernber 30 , beginning on September 30,2027 Required: Calculate the amount at which President should record the note payable and corresponding purchase on 5 eptember 30,2024. assuming that an interest rate of 12% properly reflects the time value of money in this situation Note: Use tables, Excel, or a financial calculator. Round your final answers to neorest whole dollor amount. Round your