EAR is the same regardless of the length of the investment

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You can earn $32 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. 5 months

B. 1 year

C. 1.3 years.

Reference no: EM13873352

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