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A dental clinic is earning a net monthly income of P35 000 with fixed expenses of P20 000

Finance

A dental clinic is earning a net monthly income of P35 000 with fixed expenses of P20 000. The clinic acquired a new machine worth P270 000 and plans to pay 25% advance payment and the balance by quarterly amortization for 5 years. If money is worth 5% compounded quarterly, find the following: Quarterly amortization 11 506.13 b. 11 989.45 c. 33 489.61 d. 42031.33 Disposable income per quarter Net income per quarter a. 3493.87 b. 23 493.87 c.31 164.62 d. 33 493.87 Expense-to-income ratio

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