Which do you prefer: a bank account that pays 5% per year (EAR) for three years or:

a. An account that pays 2.5% every six months for three years?

b. An account that pays 7.5% every 18 months for three years?

c. An account that pays 0.5% per month for three years?

a. An account that pays 2.5% every six months for three years? If you deposit $1 into a bank account that pays 5% per year for three years, you will have ? (Round to five decimal places.)