Help with math?
- On what date was an invoice for EUR 3,680.00 issued if a payment term of 30 days was granted and EUR 32.20 was charged on October 16 for late payment interest at 7%?
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If 360 interest days are spent, 7/360 percent interest per day will be charged. An amount of 32.20 corresponds to 32.2 / 3680 * 360/7 * 100 = 45 days. The invoice was issued 75 days earlier, on 1 August of the year.