Which do you prefer: a bank account that pays 4.5 % per year (EAR) for three years or a. An account that pays 2.8 % every six months for three years? b. An account that pays 8.3 % every 18 months for three years? c. An account that pays 0.74 % 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 steps less than six decimal places.) If you deposit $ 1 into a bank account that pays 4.5 % per year for three years: The amount you will receive after three years is $ nothing. (Round to five decimal places.) a. An account that pays 2.8 % every six months for 3 years?

If you deposit $ 1 into a bank account that pays 4.5 % per year for three years:

The amount you will receive after three years is?. (Round to five decimal places.)

a. An account that pays 2.8 % every six months for 3 years?

If you deposit $1into a bank account that pays 2.8 %every six months for three years: The amount you will receive after three years is ?(Round to five decimal places.)

Which bank account would you prefer? 4.5% per year for three years 2.8 % every six months for three years (Select from the drop-down menu.)

b. An account that pays 8.3 % every 18 months for 3 years.If you deposit $1into 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?

c. An account that pays0.74 %per month for three years.If you deposit $1 into a bank account that pays 0.74 %per month for three years

The amount you will receive after three years is?(Round to five decimal places.)

Which bank account would you prefer?4.5 % per year for three years or 0.74% every month for three years

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