Atlanta cement, inc. buys on terms of 2/15, net 30. it does not take discounts, and it typically pays 65 days after the invoice date. net purchases amount to $720,000 per year. what is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35