Question: Angela recieves an invoice from Staples dated April 5th, 2012 for $1,200 with terms 4/4, 3/14, n n /29. If Angela pays the invoice in

Angela recieves an invoice from Staples dated April 5th, 2012 for $1,200 with terms 4/4, 3/14, n n /29. If Angela pays the invoice in full on April 25th, 2012,

a. How many days were there between the date of the invoice, and when the invoice was paid?

b. How much is the amount of the discount?

c. How much was paid?

Number of days = ?

Amount of Discount = ? (rounded to the nearest cent)

Payment = ? (rounded to the nearest cent)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!