Question: Do the relevant calculations so you can indicate which you prefer: a bank account that pays 5% per year (EAR ) for three years or

Do the relevant calculations so you can indicate which you prefer: a bank account that pays 5% per year (EAR ) for three years or

a. an account that pays 2.5% every 6 months for 3 years?

b. an account that pays 7.5% every 18 months for 3 years?

c. an account that pays 0.5% per month for 3 years?

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