Find the Adjusted Balance (Principal)using the U

Short Answer

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