Rambo express is considering the purchase of a new sorting machine. The sales quote consists of semi- annual payments of $76,400 for five years at 7.6% interest. What is the purchase price?

21. Rambo Express is considering the purchase of a new sorting machine. The sales quote consists of semi-annual pay $76,400 for five years at 7.6% interest.What is the purchase pnce? (Chap 4) $625,888.38 $614,184.40 C )$687,418.22 $774,311.28 E. $836,267.35 Ronue Questinns -Work must be shown to earn full credit. Partial credit is available