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A company purchases $20,000 worth of inventory on credit terms of 3/15, n/45. The company pays the invoice after 30 days. Calculate: a) The amount

A company purchases $20,000 worth of inventory on credit terms of 3/15, n/45. The company pays the invoice after 30 days. Calculate: a) The amount paid. b) The amount of discount forfeited. c) The effective cost of the inventory. d) The net amount saved by availing the discount.

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