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An Invoice for $5,000 Dated September 1 with Terms 2/10

Question 59

Multiple Choice

An invoice for $5,000 dated September 1 with terms 2/10, 1½/20, n/30 is received in the mail on September 3rd. A payment of $2,000 is made on September 12th. How much is credited to the account?


A) $2,030
B) $2,000
C) $2,040
D) $1,970
E) $1,930.60

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