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. Partial Payment Maturity Effective Date Amount Date Rate Principal $2400 18% July 1 $600 Aug. 1 Oct. 1 $600 Sept. 1 E 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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