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Scarlet Company received an invoice for $53,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $17,500.00 during the discount

Scarlet Company received an invoice for $53,000.00 that had payment terms of 4/5 n/30. If it made a partial payment of $17,500.00 during the discount period, calculate the balance of the invoice.

Round to the nearest cent

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