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Lilly received an invoice for $4,000 that had payment terms of 5/5 n/30. She made a partial payment of $2,000 during the discount period. a.
Lilly received an invoice for $4,000 that had payment terms of 5/5 n/30. She made a partial payment of $2,000 during the discount period.
a. Calculate the amount credited.
b. Calculate the balance on the invoice after the partial payment was made.
Round to the nearest cent
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