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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