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| The IBM 407 accounting machine prepared
reports and records from punched cards. It was a
fast versatile unit with advanced features that
provided high production and complete flexibility.
Introduced on July 19, 1949, the 407 read 80-column
cards, positioned forms, recorded details, and added
and subtracted to print any desired combination
of totals up to 150 lines per minute.
Montly rental charges varied from $800 to $920
depending on the model. The Type 407 had been
in the IBM product line for almost three decades
when IBM withdrew the last of the models from
marketing on December 17, 1976. (VV4007)
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