President Company purchased merchandise from Captain Corporation on September 30,2024. Payment was made in the...
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President Company purchased merchandise from Captain Corporation on September Payment was made in the form of a noninterestbearing note requiring President to make six annual payments of $ on each September beginning on September Required: Calculate the amount at which President should record the note payable and corresponding purchase on September assuming that an interest rate of 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. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $ Answer is complete but not entirely correct. 
President Company purchased merchandise from Captain Corporation on September Payment was made in the form of a
noninterestbearing note requiring President to make six annual payments of $ on each September beginning on September
Required:
Calculate the amount at which President should record the note payable and corresponding purchase on September
assuming that an interest rate of 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. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Answer is complete but not entirely correct.
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