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t-19 please help! President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was made in the form of a noninterest-bearing note requiring

t-19 please help! image text in transcribed
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 $5,400 on each September 30 , beginning on September 30,2027 Calculate the amount at which President should record the note payable and corresponding purchase on September 30,2024. Required: assuming that an interest rate of 9% properly 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 amount. Round your intermediate calculations to the nearest whole dollar. (EV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of \$1)

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