Question: Question text 9. ABC Inc. disburses cheques every two weeks that average $93000 and take seven days to clear. How much interest can the company

Question text

9. ABC Inc. disburses cheques every two weeks that average $93000 and take seven days to clear. How much interest can the company earn annually if it delays transfer of funds from interest bearing account that pays 0.015 per day for these seven days?

$3,579.90

2,638.90

4,638.90

$2,538.90

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