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An Invoice for $4,500 Dated September 15 with Terms 2/10

Question 241

Multiple Choice

An invoice for $4,500 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 20. What payment would settle the invoice on October 15?


A) $4,500.00
B) $4,432.50
C) $4,410.00
D) $4,590.00
E) $4,567.50

Correct Answer:

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