Question
You can earn $58 in interest on a $1000 deposit for eight months. If the EAR is the same regardless of the length of the
You can earn $58 in interest on a $1000 deposit for eight months. If the EAR is the same regardless of the length of the investment, determine how much interest you will earn on a $1000 deposit for
A. 9 months.
B. 1 year
C. 1.8 years
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Handbook Of The Fundamentals Of Financial Decision Making
Authors: Leonard C MacLean, William T Ziemba
1st Edition
9814417343, 978-9814417341
