Calculate the total amount each customer must pay based on the following invoice terms and payment dates.

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Calculate the total amount each customer must pay based on the following invoice terms and payment dates.

Invoice Date Invoice Amount Credit Terms Payment Date

a. January 1 $74,500 2/10, net 30 January 10

b. March 15 $8,750 1/15, net 30 April 2

c. July 1 $52,000 12 percent APR December 31

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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