Posted by **Kim** on Monday, March 10, 2008 at 11:07am.

Use the United States Rule and/or Banker’s Rule to determine the balance due on the note at the date of maturity. (The effective date is the date the note was written.)

Principal - 6000

Rate - 5%

Effective Date - May 15

Maturity Date - November 1

Partial Payment Amount - $1500

Partial Payment Date -August 15

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