Find the adjusted balance (principal)using the U.S. Rule (360 day)after the first payment.
$$\begin{array} { | l | l | l | l | l | }
\hline \text { Rate } & \text { Total Time for Note } & \text { Note Amount } & \begin{array} { l }
\text { Partial Payment } \
\text { on Day 30 }
\end{array} & \begin{array} { l }
\text { Partial Payment } \
\text { on Day 90 }
\end{array} \
\hline 11 \% & 120 \text { days } & \$ 7,000 & \$ 900 & \$ 1,200 \
\hline
\end{array}$$

Question

Find the adjusted balance (principal)using the U.S. Rule (360 day)after the first payment.
 $$\begin{array} { | l | l | l | l | l | } 
\hline \text { Rate } & \text { Total Time for Note } & \text { Note Amount } & \begin{array} { l } 
\text { Partial Payment } \
\text { on Day 30 }
\end{array} & \begin{array} { l } 
\text { Partial Payment } \
\text { on Day 90 }
\end{array} \
\hline 11 \% & 120 \text { days } & \$ 7,000 & \$ 900 & \$ 1,200 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Find the adjusted balance (principal)using the U.S. Rule (360 day)after the first payment.
 $$\begin{array} { | l | l | l | l | l | } 
\hline \text { Rate } & \text { Total Time for Note } & \text { Note Amount } & \begin{array} { l } 
\text { Partial Payment } \
\text { on Day 30 }
\end{array} & \begin{array} { l } 
\text { Partial Payment } \
\text { on Day 90 }
\end{array} \
\hline 11 \% & 120 \text { days } & \$ 7,000 & \$ 900 & \$ 1,200 \
\hline
\end{array}$$

Find the Adjusted Balance (Principal)using the U