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An invoice received included the following information: merchandise price, $ 3 , 5 0 0 ; terms 1 / 1 0 , n / eom;

An invoice received included the following information: merchandise price, $3,500; terms 1/10, n/eom; FOB shipping point with prepaid freight of $418. Assuming that a credit for merchandise returned of $700 is granted prior to payment and that the invoice is paid within the discount period, what amount of cash should be paid by the buyer?

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