Question: Please do help me answer this question. With the topic TOPIC: Capitalize cause, Amortization and Annuity. I promise to hit like button once you answer

Please do help me answer this question. With the topic

TOPIC: Capitalize cause, Amortization and Annuity.

I promise to hit like button once you answer it properly thanks.

Question

(I have purchased a machine worth P1,500,000.00. And it needs maintenance every 6 months starting from its purchased date for the first 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money should be prepare today to finance the requirement if the interest rate is 10% compounded quarterly?)

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