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A demand loan of $20,000 on September 1, 2014 at 7% p.a. simple interest was settled by a payment of $600 on February 28, 2015

A demand loan of $20,000 on September 1, 2014 at 7% p.a. simple interest was settled by a payment of $600 on February 28, 2015 and the outstanding balance on April 26, 2015.Using the declining balance method, calculate the amount of the last payment.

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