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 Rate Effective Date Partial Payment Maturity Date Amount Date $2000 4% April 1 $1000 May 1 June 1 The balance due on the note at the date of maturity is $nothing.(Round to the nearest cent as needed.)
