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Which do you prefer: a bank account that pays 5 . 4 8 % per year ( EAR ) for 3 years or . an
Which do you prefer: a bank account that pays per year EAR for years or an account that pays every six months for years?
an account that pays every months for years?
an account that pays per month for 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.
Which do you prefer: a bank account that pays per year EAR for years or an account that pays every six months for years?
you deposit $ into a bank account that pays per year for years, the amount you will receive after years is $ Round to five decimal places.
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