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Pease help with this Finance Question.................................. Which do you prefer: a bank account that pays 4% per year (EAR) for three years or: a. An
Pease help with this Finance Question..................................
Which do you prefer: a bank account that pays 4% per year (EAR) for three years or: a. An account that pays 2% every six months for three years? b. An account that pays 6% every 18 months for three years? c. An account that pays 0.4% per month for three years? a. An account that pays 2% every six months for three years? If you deposit $1 into a bank account that pays 4% per year for three years, you will have $ (Round to five decimal places.)
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