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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 11300 Rate 7% Effective Date Sept 1 Partial Payment Oct 1: $4000 Nov 15 $1000 Maturity Date: Dec 1
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