An Invoice Received from a Supplier for $8,000 on January

Multiple Choice

An invoice received from a supplier for $8,000 on January 1 with terms 1/15,n/30 means that the company should pay

A) $7,920 before the end of January.
B) either $7,920 before January 16 or $8,000 before the end of the month.
C) $8,000 between January 2 and January 16.
D) $6,800 before January 16.