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For the following transaction, calculate the credit given for the partial payment and the net amount due on the invoice. Round dollar-and-cent answers to the
For the following transaction, calculate the credit given for the partial payment and the net amount due on the invoice. Round dollar-and-cent answers to the nearest cent.
| Amount of | Terms of | Partial | Credit for | Net |
| Invoice | Sale | Payment | Partial Payment | Amount Due |
| $5,778.00 | 8/15, n/60 | $4,000 |
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
