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Apple Inc. purchases $50,000 worth of inventory on credit terms of 2/10, net 30. If Apple pays within the discount period, determine the amount it

Apple Inc. purchases $50,000 worth of inventory on credit terms of 2/10, net 30. If Apple pays within the discount period, determine the amount it needs to pay. Additionally, compute the cost of the inventory if Apple pays after the discount period but within the credit period.

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