An Invoice for $4,500 Dated September 15 with Terms 2/10

question 241

Multiple Choice

An invoice for $4,500 dated September 15 with terms 2/10, 1½/20, n/30, EOM is received in the mail on September 20. What payment would settle the invoice on October 15?

• A) $4,500.00
• B) $4,432.50
• C) $4,410.00
• D) $4,590.00
• E) $4,567.50

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Definitions:

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