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Please answer the whole question and check all the pictures carefully. Question 2 of 7 General Computers Inc. purchased a computer server for $54,500. It
Please answer the whole question and check all the pictures carefully.
Question 2 of 7 General Computers Inc. purchased a computer server for $54,500. It paid 30.00% of the value as a down payment and received a loan for the balance at 7.00% compounded semi-annually. It made payments of $2,800.41 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? 16 payments Question 2 of 7 b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Interest Portion Payment Number Principal Portion Principal Balance 0 $38,150.00 1 > Question 2 of 7 $2,800.41 X X $2,800.41 2 x X Question 2 of 7 :: $2,800.41 $2,800.41 $0.00 $0.00 0.00 (8) 3 $2,800.41 Total
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