General Computers Inc. purchased a computer server by taking a loan of $34,000 at 4.50% compounded semi-annually. It made payments of $2,200 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				$34,000
1
2
: :	: :	: :	: :	: :
	: :	: :	: :
				0.00
Total