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3. Jeremiah pays for 50% of its purchases in the month of purchase, 30% in the month after and 20% in the month after that.

3. Jeremiah pays for 50% of its purchases in the month of purchase, 30% in the month after and 20% in the month after that. For a $100,000 purchase in January, what is the accounts payable with respect to this purchase at the end of February?

A. $50,000

B. $30,000

C. $20,000

D. none of the above

My answer: C: $20,000.00

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