Question: General Computers Inc. purchased a computer server by taking a loan of $38,000 at 2.75% compounded semi-annually. It made payments of $2,000 at the end
General Computers Inc. purchased a computer server by taking a loan of $38,000 at 2.75% compounded semi-annually. It made payments of $2,000 at the end of every half-year to settle the loan. a. How many payments are required to settle the loan? 0 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 0 $38,000 1 $0.00 $0.00 $0.00 $0.00 2 $0.00 $0.00 $0.00 $0.00 : : : : : : : : : : 0 : : : : : : $0.00 0 $0.00 $0.00 $0.00 $0.00 0 $0.00 $0.00 $0.00 0.00 Total $0.00 $0.00 0
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