Which do you prefer: a bank account that pays 8% per year (EAR) for three years or

a. An account that pays 4% every six months for three years?

b. An account that pays 12% every 18 months for three years?

c. An account that pays 0.8% per month for three years?

a. An account that pays 4% every six months for three years?

If you deposit $1 into a bank account that pays 8% per year for three years, you will have _____. (Round to five decimal places.)