Question
You own a bike shop and you have received an invoice to the amount of 4500 for some parts bought today. Invoice Date: January 28,
You own a bike shop and you have received an invoice to the amount of 4500 for some parts bought today. Invoice Date: January 28, 2021 Payment Terms: 5/10; 3/20; 1/30; n/60. If you want to reduce the debt by $1500 on February 6th, how much should you pay? What is the balance on February 6th? If you want to reduce the debt to $2000 on February 17th, how much should you pay? What is the balance on February 17th? If you want to reduce the debt by $500 on February 27th, how much should you pay? What is the balance on February 27th? What is the total amount of discount you receive with this payment plan?
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