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

A partial payment is made on the date indicated. Use the United

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 $3100 Rate 5.5% Effective Date Partial Payment Amount Date Maturity Date Feb. 1 $2000 May 1 Aug. 31 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.) F

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