Demand Loans - Declining Balance Method Nicole Bowyer borrowed $16,000 on February 25, 2013. She paid $6,200 on May 26, 2013, $4,100 on July 14, 2013, and the balance on September 17, 2013. The rate of interest on the loan was 9.12%. How much did Nicole pay on September 17? (Use the declining balance method) (Do not include the $ sign in your answer.) Number of days between February 25 and May 26 = Interest due on May 26 = Payment Interest on May 26 = Balance on May 26 = Number of days between May 26 and July 14 = Interest due on July 14 = Payment Interest on July 14 = Balance on July 14 = Number of days between July 14 and September 17 = Interest due on September 17 = Balance plus interest on September 17 =