You can earn 32 interest on a 1000 deposit for 8 months if


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.

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Financial Management: You can earn 32 interest on a 1000 deposit for 8 months if
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