Aggarwal Inc. buys on terms of 1/10, net 20, and it always pays on the 20th day. The CFO calculates that the average amount of costly trade credit carried is $750,000. What is the firm's average accounts payable balance? Assume a 365-day year.   a. $1,000,000     b. $1,492,500     c. $1,500,000     d. $1,125,000     e. $1,113,750

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