Question
Bruce receives an invoice amounting to $2183 with cash terms of 5/20, n/45 and dated November 29. If a partial payment of $1500 is made
Bruce receives an invoice amounting to $2183 with cash terms of 5/20, n/45 and dated November 29. If a partial payment of $1500 is made on December 15, find:
(a) the credit given for the partial payment (how much the partial payment will reduce the debt by) Express your answer in 2 decimal places (b) the balance due on the invoice. Express your answer in 2 decimal places.
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
