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Math Help - Balance after payments

  1. #1
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    Balance after payments

    Contemporary Furnishing received an invoice on April 18 from Palliser furniture. the invoice for $18,976.45 was dated april 16 with terms 2/15, 1/30, n/45.
    a. What is the balance after a payment of $10,000 on May 1?
    b. What additional payment on May 15 will settle the account?


    By using this formula: N = L(1-d1) or this.. N = L(1-d1)(1-d2)
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  2. #2
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    Dec 2008
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    mm i'm not sure wheter my answer is correct or not..
    for (a):
    N= 18976.45 (1-0.02)
    = $18596.92

    balance : 18596.92 - 10000
    = $8596.92

    i don't know how to settle the question (b)..
    can u give me the answer for this two question ??
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