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you can earn $40 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 $40 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 $1,000 deposit for:
a. 5 months
b. 1 year
c. 1.4 years
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