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An Invoice for $50,000 Dated March 15 with Terms 3/10

Question 11

Multiple Choice

An invoice for $50,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17. If the company wants to reduce the outstanding balance to $25,000, how much should they pay on March 26?


A) $24,250
B) $25,000
C) $24,500
D) $25,500
E) $25,750

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