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No More Pencils, Incorporated, disburses checks every 2 weeks that average $ 5 0 , 0 0 0 and take 6 days to clear. How

No More Pencils, Incorporated, disburses checks every 2 weeks that average $50,000 and take 6 days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays 0.02 percent per day for these 6 days? Ignore the effects of compounding interest.
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$1,560.00
$60.00
$1,622.40
$1,497.60
$156,000.00
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