Question: need help with homework Given an invoice with the terms: 10/15 net 45 for $5600. What would be the cost of missing the deadline? Otherwise

need help with homework

Given an invoice with the terms: 10/15 net 45 for $5600. What would be the cost of missing the deadline? Otherwise known as the interest expense. 560.00 $6,160 $5,600 no cost - just pay balance

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