Which do you prefer: a bank account that pays 8% per year (EAR) for three years or

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a. An account that pays 4% every six months for three years?

b. An account that pays 12% every 18 months for three years?

c. An account that pays 0.8% per month for three years?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 16, 2024 04:20 AM

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Which do you prefer: a bank account that pays 8% per year (EAR) for three years or

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Corporate Finance

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