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Which do you prefer: a bank account that pays 5 . 2 % per year ( EAR ) for three years or a . An
Which do you prefer: a bank account that pays per year EAR for three years or
a An account that pays every six months for three years?
b An account that pays every months for three years?
c An account that pays 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 $ into a bank account that pays per year for three years:
The amount you will receive after three years is $Round to five decimal places.
a An account that pays every six months for years?
If you deposit $ into a bank account that pays every six months for three years:
The amount you will receive after three years is $Round to five decimal places.
b An account that pays every months for years?
If you deposit $ into a bank account that pays every months for three years:
The amount you will receive after three years is $Round to five decimal places.
c An account that pays per month for three years?
If you deposit $ into a bank account that pays per month for three years
The amount you will receive after three years is $Round to five decimal places.
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