General Computers Inc. purchased a computer server by taking a loan of $33,500 at 3.25% compounded semi-annually. It made payments of $2,450 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
0				$33,500
1	----------	------------	--------------	----------
2	-----------	------------	-------------	------------------
: :	: :	: :	: :	: :
--------------------	: :	: :	: :	-------------
--------------	-------------	-------------	-----------	-------------
-----------------	-----------------	---------------	----------------------	0.00
Total	----------------	---------	------------

*The columns with four dots did not need to be filled: because nothing can be entered in the column when one clicks on it. The rest of the columns that can be filled are indicated with a dash(---------)