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You can earn $58 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 $58 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. 10-months.

For a 10-month, $1,000 deposit you will earn $??. (Round to the earest cent).

b. 1-year.

For a 1-year, $1,000 deposit you will earn $??. (Round to the nearest cent).

c.1.6-years.

For a 1.6-year,$1,000 deposit you will earn $ ??. (Round to the nearest cent).

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