Your bank is offering you an account that will pay 22% interest in total for a two-year deposit. Determine the equivalent discount rate for the following periods. a. Six months b. One year c. One month (Note: Be careful not to round any intermediate steps less than six decimal places.) a. Six months The equivalent discount rate for a period length of six months is % (Round to two decimal places.) Do the relevant calculations so you can indicate which you prefer a bank account that pays 5.7% per year (EAR) for 3 years or a. an account that pays 2.7% every 6 months for 3 years? b. an account that pays 7.7% every 18 months for 3 years? c. an account that pays 0.63% per month for 3 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 $1 into a bank account that pays 5.7% per year for three years, the amount you will receive after three years is $(Round to five decimal places.)