No More Pencils, Incorporated, disburses checks every 1 week) that average $55,000 and take 7 days to clear. How much interest can the company earn annually if it delays transfer of funds from an interest- bearing account that pays 0.03 percent per day for these 7 days? Ignore the effects of compounding interest. Multiple Choice $5,765.76 $600,600.00 $6,246.24 $6,006.00 $115.50

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