A Partial Payment Is Made on the Date(s) Indicated A) $83016
B) $835

question 162

Multiple Choice

A partial payment is made on the date(s) 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.
- $$\begin{array} { l l l l l l } \hline & & \text { Effective } & \text { Maturity } & \text { Partial } & \text { Payment } \\\text { Principal } & \text { Rate } & \text { Date } & \text { Date } & \text { Amount }&\text { Date } \\\hline &&&& \$ 400 & \text { May 30 } \\{ \$ 1700 } &{ 5.5 \% } & { \text { April 10 } } & { \text { October 7 } } & \$ 500 & \text { August 1 } \\\hline\end{array}$$

• A) $830.16
• B) $835.90
• C) $839.90
• D) $834.07

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Definitions:

Internal Carotid Artery

A principal blood vessel that delivers blood to the brain, eyes, and additional areas of the head.

Radial Artery

A major artery in the forearm that supplies blood to the lateral aspect of the hand and the thumb.

Coronary Artery

An artery supplying blood to the heart muscle itself, essential for providing oxygen and nutrients.

Subclavian Artery

A major artery that supplies blood to the thorax, upper limbs, and head.