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A hospital equipment is selling for 190,023 downpayment plus 27,261 quarterly payment for 13 quarters. The first installment payment is due at the end of

A hospital equipment is selling for 190,023 downpayment plus 27,261 quarterly payment for 13 quarters. The first installment payment is due at the end of 6 months after date of sale. If interest is 3 % compounded quarterly, how much is the equivalent cash price of the equipment? Compute using the given interest rate and compounding period. Round off answers to 2 decimal places

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