Calculate the cash discount and the net amount due for the following transaction.

If any or all of the invoice is paid in 10 days or less a 2% discount applies.

 

12,660.00 - 12,660.00(0.02) = $12,406.80 if paid in 10 or less days.

(Discount $253.20)

 

 Else

 

$12660.00 (minus credit, if any) due in 45 days or less.

 

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