The d. j. masson corporation needs to raise $700,000 for 1 year to supply working capital to a new store. masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day and takes discounts. however, it could forgo the discounts, pay on the 90th day, and thereby obtain the needed $700,000 in the form of costly trade credit. what is the effective annual interest rate of this trade credit? assume a 365-day year. do not round intermediate calculations. round your answer to two decimal places.

Sodas in a can are supposed to contain an average of 12 ounces. this particular brand has a standard deviation of 0.1 ounces, with an average of 12.1 ounces. if the can's contents follow a normal distribution, what is the probability that the mean contents of a six pack are less than 12 ounces?

Your parents have accumulated a $170,000 nest egg. they have been planning to use this money to pay college costs to be incurred by you and your sister, courtney. however, courtney has decided to forgo college and start a nail salon. your parents are giving courtney $20,000 to her get started, and they have decided to take year-end vacations costing $8,000 per year for the next four years. use 8 percent as the appropriate interest rate throughout this problem. use appendix a and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. how much money will your parents have at the end of four years to you with graduate school, which you will start then?

Which plan offers a tax-free education?