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One of your major customers, purchased 500 sleeper mattresses 6 months ago. You are awaiting payment on $17,500; you have negotiated a monthly rate of
One of your major customers, purchased 500 sleeper mattresses 6 months ago. You are awaiting payment on $17,500; you have negotiated a monthly rate of 1.1368% on the repayment plan, and a monthly payment of $400.00. The customer will pay off the outstanding amount in months or years. ALL ANSWERS TO FOUR DECIMAL PLACES
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