Question
you can earn $34 in interest on a $1,000 deposit for 8 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 8 months. if the EAR is the same regardless of the length of the investment, how much interest will you earn on a $,1000 deposit for:
a. 6 months
b. 1 year
c. 1.3 years
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
