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a demand loan of $13000 on September 1, 2018 at 8% p.a. simple interest was settled by a payment of $400 on February 28, 2019
a demand loan of $13000 on September 1, 2018 at 8% p.a. simple interest was settled by a payment of $400 on February 28, 2019 and the outstanding balance on April 26, 2019. using the declining balance method , calculate the amount of the last payment.
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