Calculate the Cash Discount and the Net Amount Due, Rounding

Short Answer

Calculate the cash discount and the net amount due, rounding to the nearest cent: $\begin{array}{l}\text {Amount of Invoice}&\text {Terms of Sale}&\text {Cash Discount}&\text {Net Amount Due}\\\$ 3,212.98&1 \frac{1}{2} / 15, \mathrm{n} / 60&&\end{array}$