question archive You purchased merchandise from a suppler and failed to pay the invoice amount $310 by the last day of the credit period, August 12
Subject:BusinessPrice:2.84 Bought5
You purchased merchandise from a suppler and failed to pay the invoice amount $310 by the last day of the credit period, August 12. Calculate the total amount you must pay on October 15 if the suppler charges 18% interest on past-due accounts. Assume a 365-day year.
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