Question: please explain how to do this General Computers Inc. purchased a computer server by taking a loan of $32,500 at 3.50% compounded semi-annually. It made

please explain how to do this

computer server by taking a loan of $32,500 at 3.50% compounded semi-annually.

It made payments of $2,050 at the end of every half-year to

settle the loan. Full solutions should be shown on separate sheets of

paper. Submit your solutions. a. How many payments are required to settle

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

General Computers Inc. purchased a computer server by taking a loan of $32,500 at 3.50% compounded semi-annually. It made payments of $2,050 at the end of every half-year to settle the loan. Full solutions should be shown on separate sheets of paper. Submit your solutions. a. How many payments are required to settle the loan? a. How many payments are required to settle the loan? Round to the next payment b. Complete the partial amortization schedule, rounding the answers to the nearest cent. b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Interest Portion Payment Number Principal Portion Principal Balance N. $32,500 1 N :: ID 0.00 1 0.00 Total

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

General Computers Inc. purchased a computer server by taking a loan of $36,500 at 3.50% compounded semi-annually. It made payments of $2,750 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of \$ \\$ 37,500 \$ at \3.50 compounded semi-annually. It made payments of \$ \\$ 2,450 \$ at the end of every half-year to...

General Computers Inc. purchased a computer server by taking a loan of $33,500 at 3.25% compounded semi-annually. It made payments of $2,550 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of $34,500 at 3.25% compounded semi-annually. It made payments of $2,800 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of $36,500 at 3.25% compounded semi-annually. It made payments of $2,150 at the end of every half-year to settle the loan. a. How...

Question 2 of 10 General Computers Inc. purchased a computer server by taking a loan of $37,500 at 2.75% compounded semi-annually. It made payments of $2,650 at the end of every half-year to settle...

General Computers Inc. purchased a computer server by taking a loan of $36,500 at 2.75% compounded semi-annually. It made payments of $2,700 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of $37,000 at 3.25% compounded semi-annually. It made payments of $2,750 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of $38,000 at 2.75% compounded semi-annually. It made payments of $2,000 at the end of every half-year to settle the loan. a. How...

General Computers Inc. purchased a computer server by taking a loan of $32,000 at 4.75% compounded semi-annually. It made payments of $2,650 at the end of every half-year to settle the loan. a. How...

You have an 85 year old client who owns a $350,000 home with a $75,000 outstanding mortgage.What is the maximum dollar valuehe can receive if he purchases a reverse mortgage? How is earned income...

For each of the following situations, find the consumers optimal bundle. Be sure to show your work. Also, for each case, draw the consumers budget constraint, indicate the optimal bundle on the...

Lucky worldwide Travel Services, Inc. had Retained Earnings on November 3 0 , 2 0 1 2 of $ 2 , 2 0 2 , 4 9 2 . Net income for the month of December 2 0 1 2 was $ 2 3 3 , 5 5 0 . Also in December, the...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

cultural empathy: sensitivity to other cultures and a non-judgmental understanding of other cultures is probably essential;

diplomatic skills: an ability to deal with others, negotiate and to represent the parent company on foreign assignment; this may even involve interaction with politicians and government officials in...

adaptability and flexibility: this includes the ability to integrate with other people and other cultures and different types of business operations; being adaptable to change; having the ability to...