Question: Given an invoice with the terms: 2/12 net 30 for $2600. What would be the cost of missing the deadline? Otherwise known as the interest

Given an invoice with the terms: 2/12 net 30 for $2600. What would be the cost of missing the deadline? Otherwise known as the interest expense.

a. no cost just pay the balance

b. $2600

c. $26.00

d. $52.00

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