Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 26

Solve the following application problem involving cash and trade discounts.
Round to the nearest cent.
An invoice of $3168 from Scottish Importers has cash terms of 4/20 EOM and is dated June 5. Find (a) the final date on which the cash discount may be taken __________ and (b) the amount necessary to pay the invoice in full if the cash discount is earned. __________