=+LG 1 P16–3 Credit terms Wendy Interior Design received four invoices with different credit terms. The manager needs to determine when the invoices, all dated March 25, need to be paid to avoid late-payment charges. A summary of the invoice credit terms are presented in the following table. (Note: Assume a 365-day year.)

Cash discount Cash discount period Credit period Beginning of credit period 2.0% 15 days 30 days date of invoice 1.5 10 60 end of month 3.0 7 45 date of invoice 3.5 15 30 end of month