Asked by demeris moore on Jul 04, 2024
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Sutton Trucking made two equal payments, on June 25 and July 15, on an invoice for $6,350 dated June 15 with terms 3/10, 1/30, n/60. The payments reduced the balance owed on the invoice to $1,043.33. What was the amount of each payment?
Equal Payments
Regular payments that are the same in amount, typically part of a loan or mortgage repayment plan.
Invoice
A document issued by a seller to a buyer, indicating products, quantities, and agreed prices for products or services the seller has provided.
- Comprehend and execute payment conditions to maximize discount benefits.
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Learning Objectives
- Comprehend and execute payment conditions to maximize discount benefits.