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Business, 27.03.2020 04:50 mel4245

Every two weeks, No More Pencils, Inc., disburses checks that average $91,000 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 .011 percent per day for these five days? Ignore the effects of compounding interest.

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Every two weeks, No More Pencils, Inc., disburses checks that average $91,000 and take five days to...

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