Question
A partial payment is made on the date indicated. Find the balance due on the note on the date of maturity:
Principal: $108,000 Maturity date: November 1
Rate: 14% Partial payment. $27,000 on August 15
Effective date: February 15th
Principal: $108,000 Maturity date: November 1
Rate: 14% Partial payment. $27,000 on August 15
Effective date: February 15th
Answers
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