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A demand loan of $13,000 on November 1, 2018 at 8% p.a. simple interest was settled by a payment of $400 on March 30, 2019

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A demand loan of $13,000 on November 1, 2018 at 8% p.a. simple interest was settled by a payment of $400 on March 30, 2019 and the outstanding balance on May 22, 2019. Using the declining balance method, calculate the amount of the last payment. Paragraph B I UA lili +

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