For numbers 8 to 10: Lukas Center acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 35% advance payment and the balance by quarterly payments for 7 years. Money is worth 9% converted quarterly. 8. How much is the balance that must be amortized every three months? A. ₱145,000.00 B. ₱203,000.00 C. ₱377,000.00 D. ₱435,000.00 9. How many quarterly payments must be made to settle the obligation? A. 7 B. 28 C. 35 D. 21 10. Which of the following refers to the quarterly payments? A. ₱9,811.52 B. ₱21,108.48 C. ₱11,320.98 D. ₱18,294.02

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Q: Lukas Center acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 35% advance…

A: Given information: Working:

Q: Lukas Center acquired a new Laser Machine worth ₱580,000.00. The center plans to pay 35% advance…

A: Price of the Laser Machine=  ₱580,000.00 35% is advance payment Duration of the loan= 7 years…

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