An Invoice for $2,956

question 167

Short Answer

An invoice for $2,956.60, dated February 2, has terms 2/15, 1/30, n/90. What three equal payments on February 17, March 2, and May 2 will settle the account?

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Definitions:

Scots-Irish Herders

A group of people of Scottish and Irish ancestry, particularly those who settled in the Appalachian regions of the United States and were known for their herding skills.

Puritan

Puritan is a term used to describe members of a religious reform movement known for its strict moral code and emphasis on piety, originating in the 16th and 17th centuries.

Quaker

A member of the Religious Society of Friends, a Christian movement founded in mid-17th century England, emphasizing the direct experience of God within one's soul.

Frustration-Aggression Principle

A theory suggesting that frustration often leads to aggressive behavior as the individual seeks to eliminate the source of their frustration.