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A chain of appliance stores, APP Corporation, purchases inventory with a net price of $ 7 0 0 , 0 0 0 each day. The

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $

700, 000

each day. The company purchases the inventory under the credit terms of

2 / 15,

net

30 .

APP always takes the discount but takes the full

15

days to pay its bills. What is the average accounts payable for APP? Round your answer to the nearest dollar

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