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 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

$2100

18%

Aug.

1

$600

$600

Sept.

1

Oct.

1

Nov.

1

The balance due on the note at the date of maturity is $ enter your response here. (Round to the nearest cent as needed.)

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