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lVlyFinanceLab All Assignments FINA12212019 5em1 Pauline ceracas & | 41111191225 PM Test: M FL Test mm... This Questionz1 pt 4 1 of 6 (0 complete) v p 11Iis Test: 6 pts possible ,\\ it Do the relevant caiculations so you can indicate which you prefer: a bank account that pays 5.2% per year (EAR) forthree years or a. an account that pays 2.3% every six months for 3 years? b. an account that pays 8.5% every 18 months for 3 years? c. an account that pays 0.53% per month for 3 years? (Note: Be careful not to round any intermediate steps to fewer than six decimai places.) If you deposit $1 into a bank account that pays 5.2% per year forthree years, the amount you will receive after three years is 3'3. (Round to ve decimai places.) a. An account that pays 2.3% every six months for 3 years? If you deposit $1 into a bank account that pays 2.3% every six months forthree years, the amount you will receive after three years is $|:]. (Round to five decimal places.) Which bank account would you prefer? :l. (Select from dropdown menu.) In. An account that pays 8.5% every 18 months for 3 years? If you deposit $1 into a bank account that pays 8.5% every 18 months forthree years, the amount you will receive after three years is $D. (Round to five decimal places.) Which bank account would you prefer? |:l. (Select from drop-down menu.) B. An account that pays 0.53% per month for three years? If you deposit $1 into a bank account that pays 0.53% per month for three years. the amount you will receive after three years is $D. (Round to ve decimai places.) Which bank account would you prefer? 1. (Select from drop-down menu.) Enter your answer in each of the answer boxes. 6) . . . Voy 55% # 12:28 pm MyFinanceLab All Assignments FINA1221 2019 Sem 1 Pauline ceracas & | 4/11/19 12:25 PM Test: MFL Test 05 Submit Test This Question: 1 pt 2 of 6 (0 complete) This Test: 6 pts possible You have found three investment choices for a one-year deposit: 9.5% APR compounded monthly, 9.5% APR compounded annually and 9.0% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps to fewer than six decimal places.) The EAR for the first investment choice is %. (Round to three decimal places.) The EAR for the second investment choice is %. (Round to three decimal places.) The EAR for the third investment choice is %. (Round to three decimal places.) ...)>