Do the relevant calculations so you can indicate which you prefer: a bank account that pays 5.4% per year (EAR) for 3 years or a. an account that pays 2.8% every 6 months for 3 years? b. an account that pays 8.3% every 18 months for 3 years?

c. an account that pays 0.65% per month for 3 years?

Homework: Homework 2 (Chapter 5) Score: 0 of 1 pt 1 of 11 (0 complete) Problem 5-2 Do the relevant calculations so you can indicate which you prefer: a bank account that pays 5.4% per year (EAR) for 3 years or a. an account that pays 2.8% every 6 months for 3 years? b. an account that pays 8.3% every 18 months for 3 years? c. an account that pays 0.65% per month for 3 years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.) If you deposit $1 into a bank account that pays 5.4% per year for three years, the amount you will receive after three years is $ (Round to five decimal places.)