Use the information below to determine the amount saved if each invoice is paid in time to take advantage of the trade credit discount Invoice amount trade credit terms amount saved $1,300 2/10, n/30 $10,000 3/15, n/90 $22,460 2/10, n20 $645 1/15,
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You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years, respectively? Round to the second decimal place.
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