Question: Partial payments are made on the dates indicated. Use the United States rule to determine the balance due on the note at the date of

Partial payments are made on the dates indicated. Use the United

Partial payments are made on the dates 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 $1700 Rate 16% Effective Date July 1 Partial Payment Amount Date $600 Aug. 1 $600 Sept. 1 Maturity Date Oct. 1 3 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.)

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