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CEC Which do you prefer, a bank account that pays 5.7% per year (EAR) for three years or a. An account that pays 2.2% every

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CEC Which do you prefer, a bank account that pays 5.7% 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 8.3% every 18 months for three years? c. An account that pays 0.53% 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 stops less than six decimal places) w you deposit $1 into a bank account that pays 5.7% per year for three years: The amount you will receive after three years is $11. (Round to five decimal places.) a. An account that pays 2 2% every six months for 3 years? you deposit $1 into a bank account that pays 2.2% every six months for three years The amount you will receive ater 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 8.3% overy 18 months for 3 years? If you deposit $1 into a bank account that pays 8.3% 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 0.53% per month for three years? Wyou deposit $1 into a bank account that pays 0.53% per month for three years The amount you will receive ater three years is $. (Round to five decimal places.) Which bank account would you prefer? cell (Select from the drop-down menu)

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