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Question - New Oriental Company received an invoice for a recent order worth $25000 with terms of 5/10, 3/15. n/45. The invoice was issued on February 25, 2020. New Oriental Company made 1st payment of $5000 on March 6, 2020, 2nd payment of $10000 on March 11, 2020, and the last payment of $10000 on April 10, 2020. What is the actual amount of total payment New Oriental Company has made?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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