You can earn 58 in interest on a 1000 deposit for eight


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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Financial Management: You can earn 58 in interest on a 1000 deposit for eight
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