2.99 See Answer

Question: Every two weeks, No More Pencils, Inc.,


Every two weeks, No More Pencils, Inc., disburses checks that average $124,000 and take seven days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .009 percent per day for these seven days? Ignore the effects of compounding interest.


2.99

See Answer