Answer:
The amount of a check issued for an 08/11 invoice, would depend on when the invoice is paid.
If it's paid within 13 days, there's a 3% discount
. which will be calculated as
648.50 x 3% = $19.455 discount
If it's paid within 11 - 15 days, there's a 2% discount.
648.50 x 2% = $12.97 discount
If it's paid within 16 - 30 days, there is no discount
If it's paid after 30 days, 5% APR is added to the bill
