Question: No More Pencils, Inc., disburses checks every two weeks that average $76,000 and take five days to clear. How much interest can the company earn

No More Pencils, Inc., disburses checks every two weeks that average $76,000 and take five days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays 0.011 percent per day for these five days? Ignore the effects of compounding interest. (Round your answer to 2 decimal places. (e.g., 32.16))

Interest

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