After researching the cost of a shredder for your onlinebusiness, you settle on a more expensive shredderbecause the credit terms are better and cash flow is achallenge for you during the summer months. If you buya shredder for $1,399 with 3/15, net 30 terms on August22, how much do you need to pay on September 5? (UseTable 7.1) (Do not round intermediate calculations.Round your answer to the nearest cent.)Payable amount