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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 weeks that average $ and take days to clear. How much interest can the company earn annually if it delays transfer of funds from an interestbearing account that pays percent per day for these days? Ignore the effects of compounding interest.
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