Question: General Computers Inc. purchased a computer server by taking a loan of $32,500 at 3.25% compounded semi-annually. It made payments of $2,950 at the end

General Computers Inc. purchased a computer server by taking a loan of $32,500 at 3.25% compounded semi-annually. It made payments of $2,950 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

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