Question: General Computers Inc. purchased a computer server for $64,000. It paid 35.00% of the value as a down payment and received a loan for the
General Computers Inc. purchased a computer server for $64,000. It paid 35.00% of the value as a down payment and received a loan for the balance at 3.50% compounded semi-annually. It made payments of $2,350.24 at the end of every quarter to settle the loan.
Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places.
| Payment Number | Payment | Interest Portion | Principal Portion | Principal Balance |
| 0 | $41,600.00 | |||
| 1 | ||||
| 2 | ||||
| : : | : : | : : | : : | : : |
| : : | : : | : : | : : | : : |
| 0.00 | ||||
| Total |
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