Do the relevant calculations so you can indicate which you prefer: a bank account that pays

5.6%

per year

(EAR)

for three years or

a. an account that pays

2.5%

every six months for 3 years?

b. an account that pays

8.5%

every 18 months for 3 years?

c. an account that pays

0.71%

per month for 3 years?

(Note: Be careful not to round any intermediate steps to fewer than six decimal places.)

.