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    Exam 4: Mathematics of Merchandising
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    Jake Received an Invoice for $2500 with Terms 5/10, 2/30
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Jake Received an Invoice for $2500 with Terms 5/10, 2/30

Question 53

Question 53

Short Answer

Jake received an invoice for $2500 with terms 5/10, 2/30, n60. After one payment within the 10-day discount period, a second payment of $1057.37 within the 30-day discount period paid off the balance. What was the amount of the first payment?

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