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. A partial payment is made on the date indicated. Use the United States rule...

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Accounting

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. 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. Principal $4000 Rate 5% Effective Date April 1 Partial Payment Amount Date $3000 May 1 Maturity Date June 1 The balance due on the note at the date of maturity is $ (Round to the nearest cent as needed)

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