Question: A partial payment is made on the date indicated. Use the United States rule to determine the balance due on the note at the date



A partial payment is made on the date indicated. Use the United States rule to determine the balance due on the note at the date of maturity (The Effective Date is the date the note was written) Assume the year is not a leap year Effective Partial Payment Maturity Principal Rato Dale Amount Date Date 34000 5% 52000 May 1 June 1 Click the icon to view a table of the number of the day of the year for each date More Info April 1 D Days in Fach Moth 31 26 31 30 31 31 31 31 Molan Feb Mar Apr May June July Aug Sep Oct Nov Dec 1 121 152 112 213 244 274 305 315 Day 2 2 33 61 122 153 153 214 245 375 306 316 3 34 62 123 154 184 215 246 276 7337 Do 4 IM 153 15 216 247 377 338 Dag 3 95 125 156 16 217 248 2780199 6 15 136 157 187 218 249 270 310 340 De 7 3 127 158 158 219 230 231141 + 67 98 128 159 189 220 2311 312 343 . 40 68 129 1 190 221 253 33 34 Dhe 10 41 60 100 130 161 191 322 353214 11 101 13 163192 293 294 294 MSS 12 43 71 102 IN 163 103 234 235 236 13 72 103 13 164 194 325 356 236 317 7 14 104 14 165 195 23 57 237 38 43 IS 72105 135 166 196 227 24 MO140 Fontynent 2021 Person Fauration Inc. All rients reserved. Terms of Use Privacy Policy wwwmwin mi Contac Effective Partial Payment Maturity Principal Rate Date Amount Date Date $4000 5% April 1 $2000 May 1 June 1 Click the icon to view a table of the number of the day of the year for each date. . i More Info Day 1 Day 14 Day 15 Day 16 Day 17 Day 11 Day 19 Day 20 Day 21 Day 22 De 2 Day 34 Days Day 26 Day 27 De Day Day 30 Dey Mini 15 105 153 164 194 225 256 286 317 347 14 45 73 104 134 165 195 226 257 287 318 348 15 46 74 105 135 166 196 227 258 288 319 349 16 47 75 106 136 167 197 228 259 289 320 350 17 48 76 107 137 168 198 229 260 290 321 351 18 49 77 108 138 169 199 230 261 291 322 352 19 50 78 109139170 200 231 262 292 323 353 20 SI 110 140 171 201 232 263 293 324 354 21 52 NO 111 141 172 202 233 264 294 325 159 22 53 81 112 142 173 203 234 265 295 326 356 2354 82 113 143 174 204 235 266 296 327 357 24 SS 114 144 175 205 206 267 297 328 358 56 84 115 145 176 206 237 268 208 329 350 57 85 116 146 177 207 238 200 299 330 360 27 86 117 147 178 208 239 270 300 331 361 87 118 148 179 200 240 271 301 332 362 20 88 119 149 180 210 241 272 302 313 363 30 120 150 181 211 242 273 303 334 364 31 151 212 243 104 Jan Feb Mar Apr May June July Aug. Sept. Oct Nov Der 83 3 Add 1 day for leap year if February 29 falls between the two datos under consideration The US government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the US government On January 2, 2003, Kris Greenhaigh purchased a 180-day, S1500 U.S. Treasury bill at a 4.99% discount. On the date of maturity Kris received $1500. Complete parts a) through d) Click the icon to view the table of maturity dates. a) What is the date of maturity of the Treasury bill? The date of maturity of the Treasury billis 2003 b) How much did Kris actually pay for the Treasury bill? $(Round to the nearest cent.) c) How much interest did the US government pay Kris on the date of maturity? d) What is the actual rate of interest of the Treasury bill? (Assume a 360-day year) []% (Round to the nearest hundredth of a percent) The US government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the US government. On January Greenhalgh purchased a 180-day, $1500 US Treasury bill at a 4.99% discount. On the date of maturity Kris received 51500. Complete parts a) Click the icon to view the table of maturity dates, a) What is the date of maturity of the Treasury bill? The dute of maturity of the Treasury bill is 2003 b) How much did Kris actually pay for the Treasury hill2 (Round to the nearest cent) maturity dates - X c) How much interest did the US d) What is the actual rate of intere (Round to the nearest hy Day of Month Jan Feb Mar Apr May June July Aug. Sept. Oct Nov Dec Dry 1 12 60 91 121 152 182 213 2:44 274 305 335 Duy2 2 33 61 92 122 153 183 214 245 275 306336 Day 3 34 62 93 123 184 215 2:45 276 307 337 Day: 4 35 63 94 134 185 216 247 277 308 338 Dys 5 64 95 125 156 186 217 MS 309 339 6 17 65 96 126 157 187 279 310 40 I 155 5 218 Print Done
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