Question: please do it in 25 minutes will upvote Which do you prefer: a bank account that pays 5.6% per year (EAR) for three years or

 please do it in 25 minutes will upvote Which do you

please do it in 25 minutes will upvote

Which do you prefer: a bank account that pays 5.6% per year (EAR) for three years or a. An account that pays 2.2% every six months for three years? b. An account that pays 7.9% every 18 months for three years? c. An account that pays 0.27% 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.) CERE If you deposit $1 into a bank account that pays 5.6% per year for three years: The amount you will receive after three years is $. (Round to five decimal places.) a. An account that pays 2.2% every six months for 3 years? If you deposit $1 into a bank account that pays 2.2% 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 0.27% per month for three years? If you deposit $1 into a bank account that pays 0.27% 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.)

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