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You can earn $46 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 $46 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. four-month(s).

b. one-year.

C. 1.9-years

a. four-month(s).

For a four-month, $1,000 deposit, you will earn $ 23. (Round to the nearest cent)

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