An Invoice for $45,780 Has Terms of 3/15, N/90

question 65

Multiple Choice

An invoice for $45,780 has terms of 3/15, n/90. The date of the invoice is March 10. What payment on March 23 would be enough to settle the debt?

• A) $44,407
• B) $38,913
• C) $41,660
• D) $45,780
• E) $44,219

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Definitions:

James Madison

An American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth President of the United States from 1809 to 1817, known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution.

Anti-Federalists

Individuals or groups who opposed the adoption of the U.S. Constitution, advocating for a weaker central government in favor of stronger state governments.

Patrick Henry

was an American attorney, planter, and orator best known for his declaration to the Second Virginia Convention (1775): "Give me liberty, or give me death!"

Samuel Adams

An American statesman, political philosopher, and one of the Founding Fathers of the United States, known for his role in organizing the Boston Tea Party and in forming the Continental Congress.