Question: please show step by step solution and formula and not excel solution if possible. thank you! General Computers Inc. purchased a computer server for $63,500.

solution if possible. thank you! General Computers Inc. purchased a computer server

please show step by step solution and formula and not excel solution if possible. thank you!

General Computers Inc. purchased a computer server for $63,500. It paid 35.00% of the value as a down payment and received a loan for the balance at 7.50% compounded semi-annually. It made payments of $2,100.44 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? 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 Payment Number Interest Portion Principal Portion Principal Balance $41,275.00 1 2 :: 0.00 Total

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