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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

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.

  1. How much is the balance that must be amortized every three months?
  2. How many quarterly payments must be made to settle the obligation?
  3. Which of the following refers to the quarterly payments?

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