Question: 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

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?

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

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