A man bought a Ford vintage car for P210,000 on installment basis at the rate of 12% per annum on the unpaid balance. If he paid a down payment of P80,000 in cash and proposes to pay the balance in 20 quarterly payments, what should this payment be? Answer is Blank 1 pesos. Note: do not use comma, no need to put the unit of measure and final answer must be in 2 decimal places