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  3. the pine tree nursery received an invoice for $1,7

The pine tree nursery received an invoice for $1,750 worth of merchandise and $90.50 in freight charges....

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Basic Math

Thepine tree nursery received an invoice for $1,750 worth ofmerchandise and $90.50 in freight charges. The invoice carriesterms of 3/10,n/30. If the company borrows money at 12% to pay theinvoice within the discount period, what is the face value of thenote? (the amount that pine tree would have to pay when the loanmatures) (Round to the nearest dollar.) ( Discounts not allowed onfreight, but it is still included in the amount borrowed.)

Answer & Explanation Solved by verified expert
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Here 3 indicates the discount percentage offered by the seller 10 indicates the number of days from the invoice date within which the buyer should pay the invoice in order to receive the discount n30 means    See Answer
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