General Computers Inc. purchased a computer server for $75,400. It paid 25% of the value as a down payment and received a loan for the balance at 7.65% compounded monthly. It made payments of $1,774.27 at the end of every quarter to settle the loan.

a. How many payments were made?

A full solution for the number of payments should be shown. Submit your solution.

payments

Round up to the next payment period.

b. Fill in the partial amortization schedule for the first two payments, the last two payments, including the previous principal balance, and all totals.

No work needs to be shown. Enter the values directly into the schedule.

Payment Number	Payment	Interest Portion	Principal Portion	Principal Balance
0
1
2
: :	: :	: :	: :	: :
: :	: :	: :	: :	: :
		_
				0.00
Totals				--

c. What was the total interest paid (cost of financing)?

No work needs to be shown. Enter the values directly for the total interest paid.

Round to the nearest cent.