The Peel Trading Company received an invoice dated September 20 for ​$ less​ 25%, 20%, terms​ 5/10, 2/30,​ n/60. Peel made a payment on September 30 to reduce the debt to​ $5000 and a payment on October 20 to reduce the debt by​ $3000.
​(a)
What amount must Peel remit to pay the balance of the debt at the end of the credit​ period?
​(b)
What is the total amount paid by​ Peel?