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Homework: Chapter 5 Homework Save Score: 0 of 1 pt 2 of 19 (1 complete) HW Score: 5.26%, 1 of 19 p P5-2 (similar to)

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Homework: Chapter 5 Homework Save Score: 0 of 1 pt 2 of 19 (1 complete) HW Score: 5.26%, 1 of 19 p P5-2 (similar to) IE Question Help Which do you prefer a bank account that pays 8% per year (EAR) for three years or 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? a. An account that pays 4% every six months for three years? If you deposit $1 into a bank account that pays 8% per year for three years, you will have $ (Round to five decimal places.) Enter your answer in the answer box and then click Check

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