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 Dute is the date the note was writen) Assume the year is not a leap year Effective Partial Payment Maturity Principal Rate Date Amount Date Date S2000 5% May 1 $1000 June 1 July 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 matunty is (Round to the nearest cant as needed)
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