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An Invoice for $20,000 Dated March 15 with Terms 3/10

Question 38

Multiple Choice

An invoice for $20,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17th. A payment of $10,000 is made on March 26. How much is credited to the account?


A) $10,200
B) $10,150
C) $9,800
D) $9,850
E) $10,000

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