Question: On May 18, an invoice dated May 17 for $4000 less 20% and 15%, terms 5/10 E.O.M., was received by Aldo Distributors. (a) What is

On May 18, an invoice dated May 17 for $4000 less 20% and 15%, terms 5/10 E.O.M., was received by Aldo Distributors.
(a) What is the last day of the discount period?
(b) What is the amount due if the invoice is paid within the discount period?

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