Lane hall borrowed $11,000 on a 120-day 7 percent< br /> note. lane paid $3,000 on day 50. on day 105 he paid< br /> additional $2,000. using the u. s. rule, his adjusted< br /> balance after the first payment is: < br /> o $2,893.06< br /> 0 $8,106.94< br /> 0 $8,000.06