Find the final discount date and the net payment date.


Invoice date: August 23
Terms: 5/15, net 30


Final discount: Aug 28 | Payment due: Sept 7

Final discount: Sept 22 | Payment due: Sept 7

Final discount: Sept 7 | Payment due: Sept 22

Final discount: Sept 6 | Payment due: Sept 21

The terms provided are **5/15, net 30**, which means:

- You get a **5% discount** if you pay within **15 days** of the invoice date.
- The total amount is due within **30 days** of the invoice date without a discount.

### Invoice date: **August 23**

#### 1. Final Discount Date:
- You must pay within 15 days of the invoice to receive the discount.  
- Adding 15 days to **August 23**:  
  **August 23 + 15 days = September 7.**

#### 2. Net Payment Date:
- The full payment is due within 30 days of the invoice date without a discount.  
- Adding 30 days to **August 23**:  
  **August 23 + 30 days = September 22.**

### Conclusion:
- **Final Discount Date: September 7**  
- **Net Payment Date: September 22**

So, the correct choice is:
**Final discount: Sept 7 | Payment due: Sept 22**

Would you like further details or have any questions?

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Here are 5 related questions to explore:
1. What happens if you miss both the discount and net payment dates?
2. How do you calculate discounts for different terms, like 2/10, net 60?
3. How does paying early impact a company’s cash flow?
4. What is the effective annual rate for taking the discount in this scenario?
5. How would terms change for a different invoice date?

**Tip:** Always verify the terms on invoices to avoid missing potential discounts!

Find the final discount date and the net payment date. Invoice date: August 23. Terms: 5/15, net 30.

Learn how to calculate the final discount date and net payment date for an invoice with 5/15, net 30 terms. This problem involves adding time periods to the invoice date to find the deadline for a 5% discount and the final payment due date. Suitable for Grades 9-10 students.

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