Question: 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 $8100. A payment of $994 is made 75 days later. A second payment of $523 is paid 179 days after the first payment. A third payment of X is due 46 days after the second payment, after which the loan balance is 0. The loan is charged a simple interest rate of r =2%. What is X, if the Declining Balance Method is used?

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