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Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the US Rule (360 days) after the first payment on the 65th day

Given: an 11% 120-day $9,000 note. Find the adjusted balance (principal) using the US Rule (360 days) after the first payment on the 65th day of $1,000. (Round your answer to the nearest cent.)

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