the luke company acquired new laser machine worth $580,000. the center plans to pay 40% advance payment and the balance by quarterly payments for 7 years. if money is worth 9% converted quarterly. how...

the luke company acquired new laser machine worth $580,000. the center plans to pay 40% advance payment and the balance by quarterly payments for 7 years. if money is worth 9% converted quarterly. how much must be paid quarterly?

a. $16,886.79

b.$9,056.79