Which do you? prefer: a bank account that pays 4.8 % per year? (EAR) for three...

Which do you? prefer: a bank account that pays 4.8 % per year? (EAR) for three years or a. An account that pays 2.6 % every six months for three? years? b. An account that pays 6.8 % every 18 months for three? years? c. An account that pays 0.58 % per month for three? years?

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jeff jeffy answered 2 years ago

Which do you prefer: a bank account that pays 4.8% per year (EAR) for three years...

Which do you prefer: a bank account that pays 4.8% per year (EAR) for three years or a. An account that pays 2.6% every six months for three years? b. An account that pays 7.4% every 18 months for three years? c. An account that pays 0.41% per month for three 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.)

Which do you prefer: a bank account that pays 5.2 % per year (EAR) for three...

Which do you prefer: a bank account that pays 5.2 % per year (EAR) for three years or a. An account that pays 2.8 % every six months for three years? b. An account that pays 7.5 % every 18 months for three years? c. An account that pays 0.26 % per month for three 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...

Which do you prefer: a bank account that pays 5.1 % per year (EAR) for three...

Which do you prefer: a bank account that pays 5.1 % per year (EAR) for three years or A. An account that pays 2.8 % every six months for three years? B. An account that pays 6.8 % every 18 months for three years? C. An account that pays 0.65 % per month for three years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than...

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

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 three years? b. An account that pays 9 % every 18 months for three years? c. An account that pays 0.6 % per month for three years? a. An account that pays 3 % every six months for three years? If you deposit $1 into a bank account that pays 6 %...

Which do you prefer, a bank account that pays 10% per year (EAR) for three years...

Which do you prefer, a bank account that pays 10% per year (EAR) for three years or a. An account that pays 5% every six months for three years b. B. an account that pays 15% every 18 months for three years? c. An account that pays 1% per month for three years? If you deposit $1 into a bank account that pays 10% per year for three years, you will have $____ Therefore you would prefer _______________ If the...

Which do you prefer: a bank account that pays 5.1% per year (EAR) for three years...

Which do you prefer: a bank account that pays 5.1% per year (EAR) for three years or a. An account that pays 2.8% every six months for three years? b. An account that pays 8.3% every 18 months for three years? c, An account that pays .67% every per months for three 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...

which do you prefer: a bank account that pays 5.8% per year (EAR) for three years...

which do you prefer: a bank account that pays 5.8% per year (EAR) for three years or (a) An account that pays 2.7% every six months for three years? (b) An account that pays 7.2% every 18 months for three years (c) An account that pays 0.49% per month for three years

You deposit today $3100 dollars in an account that pays 4.8 percent per year. For the...

You deposit today $3100 dollars in an account that pays 4.8 percent per year. For the next few years you will keep making deposits 7.1 percent larger than the previous one. What will be the balance on the account after 15 deposits. I feel like I am missing the annuity to solve this problem, but I could be wrong.

13.Suppose you deposit $5,000 into your bank account today. If the bank pays 3.75percent per year,...

13.Suppose you deposit $5,000 into your bank account today. If the bank pays 3.75percent per year, then which of the following statements is (are) correct? (x)$7,825.14is in your account after 12years if interest is compounded quarterly but only $7,777.27if the interest is compounded annually.(y)You will earn an additional $31.69of interest in your account after 12years if interest is compounded semi-annually instead of annually, but $27.10less interest if interest is compounded semi-annually instead of monthly.(z)Although compounding daily instead of weekly will...

Erica has her savings in a bank account that pays 4.0% interest per year. She is...

Erica has her savings in a bank account that pays 4.0% interest per year. She is considering buying stock in a pharmaceuticals company that is developing a cure for cellulite. Her research indicates that she could earn 45% in one year if the cure is successful or lose 65% in one year if it is not. At what probability of success would the pharmaceuticals stock be the better choice? (Round your answer to two decimal places.)

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