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. a.)How much is the balance that must be amortized every three months? b.)How many quarterly payments must be made to settle the obligation? c) what is the amount of the quarterly payments?

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. a.)How much is the balance that must be amortized every three months? b.)How many quarterly payments must be made to settle the obligation? c) what is the amount of the quarterly payments?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5Q: If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the...

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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. 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?
Lukas Center acquired a new Laser Machine worth ₱580,000.00. Thecenter 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? Which of the following refers to the quarterly payments?
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?
1. Mary made a loan of P58,000 to supply her new business. It is to be amortized by ten equal payments of P6,300 at the end of each quarter. a. What is the semi-annual interest needed to amortize the loan? b. Make an amortization schedule showing the distribution of the payments.
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?
Lukas Center acquired a new Laser Machine worth ₱580,000.00. Thecenter plans to pay 35% advance payment and the balance by quarterly payments for7 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? How much is the following refers to the quarterly payments?
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