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 Joanne’s Dress Shop received an invoice dated July 25 for $1,400, with terms of 2/10, 1/15, n/60. On August 8, Joanne’s Dress shop sent a partial payment of $750. The actual amount that should be credited is:

An invoice dated March 6 with terms of 1/10, E.O.M. results in the end of the discount period on:

Lee, manager of Lexington soccer team, was trying to figure the percent of games they lost this season. Their record was 30 wins and 10 losses. What percent of the soccer games did they lose?

Bernie Madoff sold his Palm Beach house for $15 million. This represented a loss of 15% from his purchase price.  What was the price that Mr. Madoff originally paid for his home?  Round to the nearest tenth of a million (or rounded to nearest hundred thousand). $________ million

 1 4/5 is an example of a(n):

The rules of rounding are completely different for decimals compared to whole numbers. 

Merle Fonda opened a new savings account. She deposited $40,000 at 10 percent compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10 percent. At the end of 6 years, the balance in Merle’s account is: (Solve using the financial calculator. Select the best answer.)

The net price equivalent rate should be rounded to nearest hundredth. 

Proceeds of a simple discount note equals the amount borrowed less bank discount.

 Simple interest loans are usually more than one year.