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 $4,400 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 9% properly reflects the time value of money in this situation.