9. Value of Delay [LO2] No More Pencils, Inc., disburses checks every two weeks that average $93,000 and take seven days to clear. How much interest can the company earn annually if it delays transfer...


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9. Value of Delay [LO2] No More Pencils, Inc., disburses checks every two weeks<br>that average $93,000 and take seven days to clear. How much interest can the<br>company earn annually if it delays transfer of funds from an interest-bearing<br>account that pays .015 percent per day for these seven days? Ignore the effects of<br>compounding interest.<br>

Extracted text: 9. Value of Delay [LO2] No More Pencils, Inc., disburses checks every two weeks that average $93,000 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 .015 percent per day for these seven days? Ignore the effects of compounding interest.

Jun 07, 2022
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