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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 $ It paid of the
value as a down payment and received a loan for the balance at compounded semi
annually. It made payments of $ 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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