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Which do you prefer: a bank account that pays 6% per year (EAR) for three years or: a. An account that pays 3% every six

Which do you prefer: a bank account that pays 6%

per year (EAR) for three years or:

a. An account that pays 3% every six months for threeyears? b. An account that pays 9% every 18 months for threeyears? c. An account that pays 0.6% per month for threeyears?

If you deposit $ 1 into a bank account that pays 6% per year for threeyears, you will have ??????

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