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. Principal Rate Effective Date Partial Payment Maturity Date Amount Date $3600 5.5% Jan. 1 $2000 May 1 July 31 (Round to the nearest cent as needed.)

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