Credit Management Exam Help

2 months to consider.
Month 2:
80% will have already paid so 20% left

£105,000 * 0.2 = £21,000

Month 3:
80% will pay this month and then get a 1.5% discount

£136,000 * 0.8 * (0.985) = £107,168

Add them together

£128,168