Intro

You've ordered 60 reams of paper at a price of $4 each. The paper company sends you an invoice with the terms 1/15, net 180.

Attempt 2/8 for 10 pts.

Part 1

How many days do you have to pay before the invoice is considered past due?

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Attempt 1/8 for 10 pts.

Part 2

How much do you have to pay if you pay as late as possible?

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Attempt 1/8 for 10 pts.

Part 3

How many days do you have to pay if you want to get the discount?

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Attempt 1/8 for 10 pts.

Part 4

How much do you have to pay if you pay in time for the discount?

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Attempt 1/8 for 10 pts.

Part 5

If you don't take the discount, how much do you have to pay in implicit interest (in $)?

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