General Computers Inc. purchased a computer server for $$70,000.$ It paid $35\mathrm{.}00\%$ of the value as a down payment and received a loan for the balance at $5\mathrm{.}00\%$ compounded semi$-$annually. It made payments of $$2,600\mathrm{.}6$ at the end of every quarter to settle the loan.

a$.$ How many payments are required to settle the loan?

$0$

payments

Round up to the next payment

b$.$ 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

$0$

$$45,500\mathrm{.}00$

$1$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$2$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

: :

: :

: :

: :

: :

: :

: :

: :

: :

: :

$0$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$0$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$0\mathrm{.}00$

Total

$$0\mathrm{.}00$

$$0\mathrm{.}00$

$0$