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Which do you prefor a bank account that pays 4% per year (EAR) tor thiue years or: a. An account that pays 28 every sic

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Which do you prefor a bank account that pays 4% per year (EAR) tor thiue years or: a. An account that pays 28 every sic months for three years? b. An account that pays 6% evory 18 months for three yearn? c. An aocount that pays 0.4% per month for three yearn? a. An acoount that bays 2% evecy six months for theee years? If you deposit $1 into a bank account that pays 4% per year for three years, you will have 1 (Reund to tive decmal places.) If you deposit 51 inio a bank account that pays 2% evecy six months for theee years, the amourt you witi receve ather treee years is 3 (Reound to five decimai places ) Thernfore, you wisk preter: (Seiect from the drop-down mork) b. An accouns that naya 6 if every 18 moners for three years? If the account pays 6% every 10 months for thiee years, the amount you will receive atier three years is I (Round to tive decanal places.) Therefores, you will prefer: (Seiect from the drop-down menu.) c. An accotant that pays 0.4% per month for three years? If the acoount pays 0.4% every manth for three years, the amount you will receive aher thee ynars is 1 (Fooind to fire decimal places) Therefore, you will prefer; (Select troen the drop-down menu.)

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