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On July 1 4 , Fat Tires Ltd . borrowed $ 8 0 0 0 . 0 0 with an interest rate of 7 .

On July 14, Fat Tires Ltd. borrowed $8000.00 with an interest rate of 7.7%. The loan was repaid in full on December 20, with payments of $3000.00 on September 19 and $3500.00 on November 1. What was the final payment?
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Use declining balance method; each partial payment first pays the interest then reduces the loan balance.
The final payment was ?.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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