Part a
An invoice received from Royal Exporters totaled $638.20, was dated October 10, and offered terms of 1/11 ROG. The shipment was received November 27. If the invoice was paid on December 12, find the net amount due. Round to the nearest cent.
Part b
The primary difference between an annuity due and an ordinary annuity is:
I. when the money is paid into the annuity
II. the way the money is paid out of the annuity
III. with an annuity due, payment is made at the beginning of the period
Choose the correct option
?II only
?III only
?both I and III
?I only