Question
You can earn $41 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
$41
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.
9
months.
b. 1 year.
c.
1.1
years.
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
