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General Computers Inc. purchased a computer server for $ 7 3 , 0 0 0 . It paid 3 0 . 0 0 % of
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 semiannually. It made payments of $ at the end of every quarter to settle the loan.
Schedule can be completed in Excel. No work needs to be shown for schedule entries.
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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