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this is due in 30 mins can i please get help President Company purchased merchandise from Captain Corporation on September 30,2024. Payment was made in
this is due in 30 mins can i please get help
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 paymonts of $7,400 on each 5 eptember 30 , beginning on September 30,2027 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 12% properly reflects the time value of money in this situation. Note: Use tabies, 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 S1, PV of S1. EVA of S1, PVA of S1. EVAD of S1 and PVAD of S1) Step by Step Solution
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