For numbers 8 to 10: Lukas Center acquired a new Laser Machine worth ₱580, XXXXXXXXXXThe center plans to pay 35% advance payment and the balance by quarterly payments for 7 years. Money is worth 9%...

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