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An Invoice for $9,000 Dated September 1 with Terms 2/10

Question 4

Multiple Choice

An invoice for $9,000 dated September 1 with terms 2/10, 1½/20, n/30 is received in the mail on September 3. The company sent a cheque on September 12 for $5,000. What is their outstanding balance?


A) $4,000.00
B) $3,897.96
C) $3,900.00
D) $3,925.00
E) $3,923.86

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