Question: Previous Problem Problem List Next Problem (1 point) A man receives a loan of $x. A payment of $995 is made 50 days later. A

Previous Problem Problem List Next Problem (1 point) A man receives a loan of $x. A payment of $995 is made 50 days later. A second payment of $584 is paid 170 days after the first payment. A third payment of $387 is due 21 days after the second payment, after which the loan balance is 0. The loan is charged a simple interest rate of r -9.5%. What is X, if the Declining Balance Method is used? Answer: $

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