Do the relevant calculations so you can indicate which you prefer: a bank account that pays $5\mathrm{.}5\%$ per year $($EAR$)$ for $3$ years or

a$.$ an account that pays $2\mathrm{.}5\%$ every $6$ months for $3$ years?

b$.$ an account that pays $8\mathrm{.}1\%$ every $18$ months for $3$ years?

c$.$ an account that pays $0\mathrm{.}44\%$ 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 $5\mathrm{.}5\%$ per year for three years, the amount you will receive after three years is $

$.($Round to five decimal places.$)$

a$.$ An account that pays $2\mathrm{.}5\%$ every six months for $3$ years?

If you deposit $$1$ into a bank account that pays $2\mathrm{.}5\%$ every six months for three years, the amount you will receive is $

$.($Round to five decimal places.$)$

Which bank account would you prefer? $(1$

$($Select from the drop$-$down menu.$)$

b$.$ An account that pays $8\mathrm{.}1\%$ every $18$ months for $3$ years?

If you deposit $$1$ into a bank account that pays $8\mathrm{.}1\%$ every $18$ months for three years, the amount you will receive is $

$|.($Round to five decimal places.$)$

Which bank account would you prefer? $(2)$

$($Select from the drop$-$down menu.$)$

c$.$ An account that pays $0\mathrm{.}44\%$ per month for $3$ years?

If you deposit $$1$ into a bank account that pays $0\mathrm{.}44\%$ per month for three years, the amount you will receive is $ $[$

$.($Round to five decimal places.$)$

Which bank account would you prefer? $(3)$

$($Select from the drop$-$down menu.$)$

$(1)2\mathrm{.}5\%$ every six months for three years

$(2)5\mathrm{.}5\%$ per year for three years

$(3)0\mathrm{.}44\%$ every month for three years

$5\mathrm{.}5\%$ per year for three years

$8\mathrm{.}1\%$ every $18$ months for three years

$5\mathrm{.}5\%$ per year for three years