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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 % per year for three​ years, you will have $____ (Round to five decimal​ places.)

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jeff jeffy answered 2 years ago
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