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20.00 out of 10.00 (40%) Spring Direct Bank has launched a new Green Account. The latter includes the monthly capitalization of interest with the following

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20.00 out of 10.00 (40%) Spring Direct Bank has launched a new Green Account. The latter includes the monthly capitalization of interest with the following conditions: 8% AER the first 18 months, and 1% AER after that. What is the AER for a 7-year deposit in that account? Select one: a. 2.46% 6.4.84% C.3.34% d. 1.61% X e. 5.62% 1.6.36%

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