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Spangler Paving purchased asphalt costing $39,000 with terms of 5/15 net 90 EOM on January 12. How much will the firm pay if it takes

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Spangler Paving purchased asphalt costing $39,000 with terms of 5/15 net 90 EOM on January 12. How much will the firm pay if it takes the cash discount? What is the approximate cost of giving up the cash discount, using the simplified formula

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