SOLUTION: A partial payment is made on the date(s)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 th

Question 460552: A partial payment is made on the date(s)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.
P=$1600, R=7%, effective date april 7, maturity date august 5, partial payment made june 18 $600,
I have no idea how to calculate this one. Can someone please answer this?
Answer by mola4282(1) (Show Source): You can put this solution on YOUR website!

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