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You can earn $38 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 $38 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: a. 2 months. b. 1 year. c. 1.9 years. a. 2-months. For a 2-month, $1,000 deposit you will earn (Round to the nearest cent). b. 1-year. For a 1-year, $1,000 deposit you will earn 9 (Round to the nearest cent). c. 1.9-years. For a 1.9-year, $1,000 deposit you will earn $ (Round to the nearest cent)
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