If an invoice shows a total of $3,000 with terms 5/15, n/60, which of the following is NOT a true statement?
A) The customer must pay $3,000 within 60 days after the date of the invoice.
B) The customer may pay $2,850 within 15 days to satisfy the bill.
C) The customer will receive a 10% discount if they pay within 60 days.
D) The customer has a discount period of 15 days.
Correct Answer:
Verified
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