Question: General Computers Inc. purchased a computer server by taking a loan of $37,000 at 3.25% compounded semi-annually. It made payments of $2,750 at the end

the end of every half-year to settle the loan. a. How many

General Computers Inc. purchased a computer server by taking a loan of $37,000 at 3.25% compounded semi-annually. It made payments of $2,750 at the end of every half-year to settle the loan. a. How many payments are required to settle the loan? Round to the next payment b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment Interest Portion Principal Portion Principal Balance Payment Number Payment Interest Portion Principal Portion Principal Balance 0 $37,000 10 2 :: : 6 N :: JUD 0.00 Total

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