Question
General Computers Inc. purchased a computer server for $64,500. It paid 30.00% of the value as a down payment and received a loan for the
General Computers Inc. purchased a computer server for $64,500. It paid 30.00% of the value as a down payment and received a loan for the balance at 10.00% compounded semi-annually. It made payments of $2,550.85 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? payments Round up to the next payment b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number Payment Interest Portion SUBMIT QUESTION Principal Portion Principal Balance
General Computers Inc. purchased a computer server for $64,500. It paid 30.00% of the value as a down payment and received a loan for the balance at 10.00% compounded semi-annually. It made payments of $2,550.85 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? payments Round up to the next payment b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
