Question: An invoice for kitchen appliances is dated December 23 and is paid on January 14 of the following year. Credit terms are 2/15, n/45 E.O.M.

An invoice for kitchen appliances is dated December 23 and is paid on January 14 of the following year. Credit terms are 2/15, n/45 E.O.M. The total amount, $497.48, includes a charge for freight and insurance of $62.34.

What amount should be paid?

How much is credited to the buyer's account?

Is any money still owed after the payment?

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