Question: Problem 19-09 Value of Delay (LO2) Every two weeks, No More Pencils, Incorporated, disburses checks that average $93,000 and take six days to clear. How

Problem 19-09 Value of Delay (LO2) Every two weeks, No More Pencils, Incorporated, disburses checks that average $93,000 and take six days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days? Ignore the effects of compounding interest. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Interest $ 159,588.00

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