Question $2$ of $8$

General Computers Inc. purchased a computer server for $$59,500.$ It paid $45\mathrm{.}00\%$ of the value as a down payment and received a loan for the balance at $7\mathrm{.}00\%$ compounded semi$-$annually. It made payments of $$2,500\mathrm{.}41$ 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 Number

Payment

Interest Portion

Principal Portion

Principal Balance