Question
Lukas Center acquired a new Laser Machine worth P580,000.00. The center plans to pay 35% advance payment and the balance by quarterly payments for
Lukas Center acquired a new Laser Machine worth P580,000.00. 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. P145,000.00 B. P203,000.00 C. P377,000.00 D. P435,000.00 9. How many quarterly payments must be made to settle the obligation? . 7 . 28 . 35 D. 21 10. Whicn of the following refers to the quarterly payments? A. P9,811.52 B. P21,108.48 C. P11,320.98 D. P18,294.02
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
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