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General Computers Inc. purchased a computer server for $65,000. 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 $65,000. 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 $2,900.44 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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