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General Computers Inc. purchased a computer server for $ 7 1 , 0 0 0 . It paid 3 5 % of the value as

General Computers Inc. purchased a computer server for $71,000. It paid 35% of the
value as a down payment and received a loan for the balance at 9% compounded semi-
annually. It made payments of $2,200.38 at the end of every quarter to settle the loan.
a. How many payments are required to settle the loan?
payments Q
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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