The Torval Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net…

13. The Torval Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60.

This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is

worth how much today?