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You can earn $59 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 $59 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.

b. 1 year.

c. 1.3 years.

(Round to the nearest cent)

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