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QUESTION 12 A $1000 invoice has terms of 2/10, 1/45. Use banker's rule. If you do not take advantage of the discount what amount do

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QUESTION 12 A $1000 invoice has terms of 2/10, 1/45. Use banker's rule. If you do not take advantage of the discount what amount do you pay on day 11 through 45? O 1030 O 1020 1000 0980 QUESTION 13 A debenture loan is? auto loan O secured loan O unsecured loan O mortgage QUESTION 14 Which of the following is used by banks most often? O approximate time O approximate time and ordinary interest Bankers Rule ordinary interest

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