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we leave a like if done correctly :) President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was made in the form

we leave a like if done correctly :) 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 $4,600 on each September 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 10% properly reflects the time value of money in this situation. Note: Use tobles, Excel, or a finencial celculetor. Round your final answers to nearest whole doller amount. Round your intermediate calculations to the neorest whole dollar. (FV of \$1. PV of \$1. FVA of S1, PVA of \$1. FVAD of S1 and PVAD of S1)

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