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Catherine has received the invoice of $38000 dated August 25th with terms 5/10, 2/20, 1/30 E.O.M. a)How much should she pay to reduce the balance

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Catherine has received the invoice of $38000 dated August 25th with terms 5/10, 2/20, 1/30 E.O.M. a)How much should she pay to reduce the balance to $18000 on September 8th ? b) How much more should she pay on September 14th to reduce the balance by 55000? Explain each section in details

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