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Vespa Motors makes a partial payment of $8,726 on an invoice of $17,680.38. If the invoice is dated April 27 with terms of 4/20 prox. and the partial payment is made on May 21, find the balance due on the invoice since a partial payment was made.

Vespa Motors makes a partial payment of $8,726 on an invoice of $17,680.38. If the invoice is dated April 27 with terms of 4/20 prox. and the partial payment is made on May 21, find the balance due on the invoice since a partial payment was made.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Vespa Motors makes a partial payment of $8,726 on an invoice of $17,680.38. If the invoice is dated April 27 with terms of 4/20 prox. and the partial payment is made on May 21, find the balance due on the invoice since a partial payment was made. $8590.80 $8509.08 $8508.89 O $8690.08
Transcribed Image Text:Vespa Motors makes a partial payment of $8,726 on an invoice of $17,680.38. If the invoice is dated April 27 with terms of 4/20 prox. and the partial payment is made on May 21, find the balance due on the invoice since a partial payment was made. $8590.80 $8509.08 $8508.89 O $8690.08
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