Question: Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you! provide the answer TO EACH

Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you!
provide the answer TO EACH QUESTION CLEARLY please!!!
PLEASE CLEARLY LABLE THE ANSWER
 Hello! please answer all parts to the question clearly please its
sometimes hard to understand the experts please thank you! provide the answer

Which do you prefer, a bank account that pays 5.3% per year (EAR) for three years or a. An account that pays 2.6% every six months for three years? b. An account that pays 7.9% every 18 months for three years? C. An account that pays 0.25% 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 5.3% per year for three years: The amount you will receive after three years is $ . (Round to five decimal places.) a. An account that pays 2.6% every six months for 3 years? If you deposit $1 into a bank account that pays 2.6% 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? (Select from the drop-down menu.) b. An account that pays 7.9% every 18 months for 3 years? if you deposit $1 into a bank account that pays 7.9% 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? (Select from the drop-down menu.) c. An account that pays 0.25% per month for three years? If you deposit $1 into a bank account that pays 0.25% per month for three years The amount you will receive after three years is $ (Round to five decimal places.) Which bank account would you prefer? (Select from the drop-down menu.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!