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A demand loan of $25,000 on November 15, 2020 at 8% pa. simple interest was settled by a payment of $500 on March 15, 2021

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A demand loan of $25,000 on November 15, 2020 at 8% pa. simple interest was settled by a payment of $500 on March 15, 2021 and the outstanding balance on June 15, 2021. Using the declining balance method, calculate the amount of the last payment. |'r___-_'_'_'\\

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