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General Computers Inc. purchased a computer server for $61,000. It paid 40.00% of the value as a down payment and received a loan for the
General Computers Inc. purchased a computer server for $61,000. It paid 40.00% of the value as a down payment and received a loan for the balance at 6.00% compounded semi-annually. It made payments of $2,650.25 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? payments
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