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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

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 4 years at 6 percent annual interest. What is the purchase price of the equipment? $303,176.86 None of the answers is correct $423,937.92 $115,631.54 O $629,925.66

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