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. 9. How many quarterly payments must be made to settle the obligation?
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. 9. How many quarterly payments must be made to settle the obligation?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 8P
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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 years. Money is worth 9% converted quarterly. 9. How many quarterly payments must be made to settle the obligation?
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