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You can earn $ 58 $58 in interest on a $ 1000 $1,000 deposit for 8 months. If the EAR is the same regardless of
You can earn $ 58
$58 in interest on a $ 1000
$1,000 deposit for 8 months. If the EAR is the same regardless of the length of theinvestment, how much interest will you earn on a $ 1000
$1,000 depositfor:
a. 3 months.
b. 1 year.
c. 1.7
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