Question
You can earn $ 50 in interest on a $ 1,000 deposit for eight months. If the EAR is the same regardless of the length
You can earn $ 50 in interest on a $ 1,000 deposit for eight months. If the EAR is the same regardless of the length of theinvestment, how much interest will you earn on a $ 1,000 depositfor:
a. 6 months.
b. 1 year.
c. 1.5 years.
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
