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% converted quarterly....

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.

How much is the balance that must be amortized every three months? How many quarterly payments must be made to settle the obligation? What is the quarterly payments?