Postal Express is considering the purchase of a new sorting machine.The sales quote consists of quarterly payments of $37,200 for five years at 7.6 percent interest.What is the purchase price?
A) $621,380.92
B) $614,184.40
C) $687,418.22
D) $774,311.28
E) $836,267.35
Correct Answer:
Verified
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