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.

A partial payment is made on the date indicated.
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 Rate Date Amount Date Date $3000 5% April 1 $1000 May 1 June 1 Click the icon to view a table of the number of the day of the year for each date. The balance due on the note at the date of maturity is $ (Round to the nearest cent as needed.) More info Days in Each Month Day of 31 28 31 30 31 30 31 31 30 31 30 31 Month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Day 1 1 32 60 91 121 152 182 213 244 274 305 335 Day 2 2 33 61 92 122 153 183 214 245 275 306 336 Day 3 3 34 62 93 123 154 184 215 246 276 307 3 337 Day 4 4 35 63 94 124 155 185 216 247 277 308 338 Day 5 5 36 64 95 125 156 186 217 248 278 309 339 Day 6 6 37 65 96 126 157 187 218 249 279 310 340 Day 7 7 38 66 97 127 188 219 250 280 311 341 Day 8 8 39 67 98 128 159 189 220 251 281 312 342 Day 9 9 40 68 99 129 160 190 221 252 282 313 343 Day 10 10 41 69 100 130 161 191 222 253 283 314 344 Day 11 11 42 70 101 131 162 192 : 223 254 284 315 345 Day 12 12 43 71 102 132 163 193 224 255 285 316 346 Day 13 13 44 72 103 133 164 194 225 256 286 317 347 Day 14 14 45 104 134 165 195 226 257 287 318 348 Day 15 15 46 74 105 135 166 196 227 258 288 319 349 Day 16 16 47 75 106 136 167 197 228 259 289 320 350

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