Question: No More Pencils Inc disburses cheques every two weeks that average $89.000 and take seven days to clear ignore the effects of compounding interest. How
No More Pencils Inc disburses cheques every two weeks that average $89.000 and take seven days to clear ignore the effects of compounding interest. How much interest can the company earn annually if it delays transfer of funds from an interest bearing account that pays 001 percent per day for these seven days? (Round the answer to 2 decimal places. Omit $ sign in your response.) Annual interest earned
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