The Autopartes de Nuevo Len company sold spare parts for a vehicle for a value of 350,000

The Autopartes de Nuevo León company sold spare parts for a vehicle for a value of 350,000 and financed the invoice amount for 6 months at a rate of 20% per year. 1 month before the expiration they discounted it at a factoring company at a bank discount rate of 18%.

What was the amount of the discount they charged the auto parts company?

Answer rating: 100% (QA)

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