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Ali, the owner of a hockey rink, received an invoice for $12,350 that had payment terms of 3.5/10, n/30. He made a partial payment of

Ali, the owner of a hockey rink, received an invoice for $12,350 that had payment terms of 3.5/10, n/30. He made a partial payment of $1,360 during the discount period.

a. Calculate the amount credited.

Round to the nearest cent

b. Calculate the balance on the invoice after the partial payment was made.

Round to the nearest cent

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