Three invoices for the amounts of $35,500, $26,000, and $41,450 were received on July 2, 2014,...

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Three invoices for the amounts of $35,500, $26,000, and $41,450 were received on July 2, 2014, August 1, 2014, and August 24, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on August 31, 2014 to settle all three invoices. Round to the nearest cent Three invoices for the amounts of $35,500, $26,000, and $41,450 were received on July 2, 2014, August 1, 2014, and August 24, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on August 31, 2014 to settle all three invoices. Round to the nearest cent

Answer rating: 100% (QA)

Answer Step 1 Invoice1 invoice date July 4 2014 Payment date August 31 2014 Days between invoice dat... View the full answer