Question: Please make an ammortization table using excel and solve all the parts also at the last give the total of payment, interest portion, and principal

Please make an ammortization table using excel and solve all the parts also at the last give the total of payment, interest portion, and principal portion

Please make an ammortization table using excel and solve all the parts

also at the last give the total of payment, interest portion, and

principal portion Question 2 of 7 General Computers Inc. purchased a computer

server for $54,500. It paid 45.00% of the value as a down

Question 2 of 7 General Computers Inc. purchased a computer server for $54,500. It paid 45.00% of the value as a down payment and received a loan for the balance at 5.50% compounded semi-annually. It made payments of $2,350.84 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? 15 payments Round up to the next payment Question 2 of 7 b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Interest Portion Payment Number Principal Portion Principal Balance $29,975.00 0 $2.350.84 $409.36 $1,941.48 $28,033.52 1 K 7 Question 2 of 7 $2,350.84 $382.84 $1,968.00 $26.065.52 2 :: :: 14 $2,350.84 $34.85 $2,316.00 $236.00 1 Question 2 of 7 14 $2.350.84 $34.85 $2,316.00 $236.00 X 15 $238.50 $3.21 $235.29 0.00 x S0.00 $0.00 0 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!