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You can earn $34 in interest on a $1,000 deposit for eight months. If the EAR is the same regardless of the length of the

You can earn

$34

in interest on a

$1,000

deposit for eight months. If the EAR is the same regardless of the length of the investment, how much interest will you earn on a

$1,000

deposit for:

months.

b. 1 year.

1.2

years.

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