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please help and explain!! i will rate!! thank you!!! Which do you prefer a bank acount that pays 42% per year (EAR) for three years
please help and explain!! i will rate!! thank you!!! Which do you prefer a bank acount that pays 42% per year (EAR) for three years or a, An acoount that pays 2.1% every six months for three years? b, An account that pays 8.3% every 18 months for three years? C. An account that pays 0.65% per month for three years? Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any accounts. If you deposit $1 into a bank account that pays 42% per year for three years: The amount you ill receive after three years is $ (Round to five decimal places ) a. account that pays 2.1% every six months for 3 years? If you deposit S1 into a bank account tat pays 2.1% every six months for three years: The amount you will receive after three years is sI(Round to five decimal places.) Which bank account would you prefer? (Select from the drop-down menu.) b, An account that pays 83% every 18 months for 3 years? lfyou deposit S1 into a bank acount that pays 83% every 18 morths for three years The amount you wll receive after three years is sl. (Round to five decimal places) Which bank account would you prefer? e. An account that pays 0.65% per month for three years? .(Select from the drop-down menu.) you deposit $1 into a bank account that pays 065% per month for three years The amount you wilr eceive ater three years is (Round to five decimal places ) Which bank account would you prefer? (Select from the drop-down menu.)
please help and explain!! i will rate!! thank you!!!
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