You can earn $38 in interest on a $1000 deposit for eight months. If the EAR is

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You can earn $38 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 will you earn on a $1000 deposit for

a. 9 months.

b. 1 year.

c. 1.6 years.

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Feb 24, 2024 11:01 PM

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You can earn $38 in interest on a $1000 deposit for eight months. If the EAR is

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Since the EAR is the same regardless of the investment length we can use the given information to ca...View the full answer

Corporate Finance The Core

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