Question: Drop down options are in order. Which do you prefer: a bank account that pays 5.4% per year (EAR) for three years or a. An

Drop down options are in order.



Which do you prefer: a bank account that pays 5.4% per year (EAR) for three years or a. An account that pays 2.8% every six months for three years? b. An account that pays 6.7% every 18 months for three years? C. An account that pays 0.72% per month for three 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.) a. An account that pays 2.8% every six months for 3 years? If you deposit $1 into a bank account that pays 2.8% every six months for three years: The amount you will receive after three years is (Round to five decimal places.) Which bank account would you prefer? b. An account that pays 6.7% every 18 months for 3 years? If you deposit $1 into a bank account that pays 6.7% every 18 months for three years. The amount you will receive after three years is Round to five decimal places.) Which bank account would you prefer? C. An account that pays 0.72% per month for three years? If you deposit $1 into a bank account that pays 0.72% per month for three years The amount you will receive after three years is S(Round to five decimal places.) Which bank account would you prefer? . (Select from the drop-down menu.) Select from the drop-down menu.) . (Select from the drop-down menu.)
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