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 Date is the date the note was written.) Assume the year is not a leap year.
Effective Partial Payment Maturity
Principal Rate Date Amount
Date Date
$3000 5% April 1 $2000
May 1
June 1
of 1
mplete
The balance due on the note at the date of maturity is $
(Round to the nearest cent as needed.)