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Which oo you preter: a bank acoount that pays 4.6% per year (EAR) for three years or a. An account that pays 2.9% every six
Which oo you preter: a bank acoount that pays 4.6% per year (EAR) for three years or a. An account that pays 2.9% every six months for three years? b. An occount mat pays 7.1\% every 18 months for three years? c. An account tuin pays 0.45\% per month for thrwe years? Mole: Compare your cumert bank EAR with each of the three attemative accounts. Be careful not to mund ary intermediafe sleps less than six decima/ posess) If you deposin 51 into a bank account that pays. 4.6% per year for three years: The amount you wil recoive alfer three years is 3 (Round to five decimai places.) 2. An axcount that pays 29% every six months for 3 yoarn? Tt you caposin 51 into a bank account that pays 2.06 tevery ex months for three years: The amount you will mocive attec threo years is 1. (Round to five decimal places.) Which batk account wosid you preten (Select from the drog-down menu) b. An accosut that pays 7. Twi every 18 montha for 3 yaas? 17 you depour 51 into n tank nocount that pays 7.1% every 18 months for three years: The imount yoa we recalve afier three yoan ie 1 (Round 6 five decimal placona.) Which benk account would you pete? (Bevect from the drop-down rianu) Whech tank gockint wosid you provert (Hisect fram the denp wockn menu) Which oo you preter: a bank acoount that pays 4.6% per year (EAR) for three years or a. An account that pays 2.9% every six months for three years? b. An occount mat pays 7.1\% every 18 months for three years? c. An account tuin pays 0.45\% per month for thrwe years? Mole: Compare your cumert bank EAR with each of the three attemative accounts. Be careful not to mund ary intermediafe sleps less than six decima/ posess) If you deposin 51 into a bank account that pays. 4.6% per year for three years: The amount you wil recoive alfer three years is 3 (Round to five decimai places.) 2. An axcount that pays 29% every six months for 3 yoarn? Tt you caposin 51 into a bank account that pays 2.06 tevery ex months for three years: The amount you will mocive attec threo years is 1. (Round to five decimal places.) Which batk account wosid you preten (Select from the drog-down menu) b. An accosut that pays 7. Twi every 18 montha for 3 yaas? 17 you depour 51 into n tank nocount that pays 7.1% every 18 months for three years: The imount yoa we recalve afier three yoan ie 1 (Round 6 five decimal placona.) Which benk account would you pete? (Bevect from the drop-down rianu) Whech tank gockint wosid you provert (Hisect fram the denp wockn menu)
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