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Steps for a man borrows $ 8 1 0 0 . A payment of $ 9 9 4 is made 7 5 days later. A
Steps for a man borrows $ A payment of $ is made days later. A second payment of $ is paid days after the first payment. A third payment of X is due days after the second payment, after which the loan balance is The loan is charged a simple interest rate of r What is X if the Declining Balance Method is used?
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