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answer abc (do not round) - put the full amount Homework: Lab 5 2 of 15 (1 complete) Score: 0 of 1 pt Problem 5-2

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Homework: Lab 5 2 of 15 (1 complete) Score: 0 of 1 pt Problem 5-2 Do the relevant calculations so you can indicate which you prefer. a bank account that pays 5.6% per year (EAR) for 3 years or a. an account that pays 2.1% every 6 months for 3 years? b. an account that pays 7.2% every 18 months for 3 years? c. an account that pays 0.41% per month for 3 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.)

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