A demand loan of $11,000 on December 5, 2018 at 6% p.a. simple interest was settled by a payment of $300 on May 27, 2019 and the outstanding balance on July 23, 2019. Using the declining balance method, calculate the amount of the last payment. Sue had an agreement to settle a loan by making payments of $1,000 in 6 months, and $2,000 in 2 years. What single payment in 18 months would be equivalent to these scheduled payments if money is worth 7% compounded quarterly