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How many payments are required to settle the loan

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Question - General Computers Inc. purchased a computer server for $58,000. It paid 30% of the value as a down payment and received a loan for the balance at 6% compounded semi-annually. It made payments of $2,650.52 at the end of every quarter to settle the loan.

Required -

a. How many payments are required to settle the loan?

b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places.

Reference no: EM133067355

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