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. 1....

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. Which of the following refere to the quarterly payments?