Find expected payment if opportunity cost of funds is given
The Ault Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth how much today?
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This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth how much today?
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