- A company bills its customers on the last day of every month. If the bill is paid before the start of the second week of the next month, the customer is given a 5% discount. If the account is settled after the second week but before the last week, the customer is charged the amount of the bill. Any payments after the beginning of the last week are charged an interest of 5%. A report is required to show each customer's bill and what is actually paid.
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