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Regional Postal Service is considering the purchase of a new sorting machine today. The machine's supplier offers an installment payment method, which requires quarterly payments

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Regional Postal Service is considering the purchase of a new sorting machine today. The machine's supplier offers an installment payment method, which requires quarterly payments of $30,000 for 6 years at 5 percent annual interest. What is the purchase price of the equipment? None of the answers is correct $413,959.25 $618,727,04 $721,822.12 $172.380.30

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