Do the relevant calculations so you can indicate which you prefer: a bank account that...

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Do the relevant calculations so you can indicate which you prefer: a bank account that pays 4.7% 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 7.8% every 18 months for 3 years? c. an account that pays 0.61% 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 4.7% per year for three years, the amount you will receive after three years is $(Round to five decimal places.) a. An account that pays 2.7% every six months for 3 years? If you deposit $1 into a bank account that pays 2.7% every six months for three years, the amount you will receive is $1(Round to five decimal places.) Which bank account would you prefer? (Select from the drop-down menu.) b. An account that pays 7.8% every 18 months for 3 years? If you deposit $1 into a bank account that pays 7.8% every 18 months for three years, the amount you will receive is $(Round to five decimal places.) Which bank account would you prefer? (Select from the drop-down menu.) c. An account that pays 0.61% per month for 3 years? If you deposit $1 into a bank account that pays 0.61% per month for three years, the amount you will receive is $. (Round to five decimal places.) Which bank account would you prefer? (Select from the drop-down menu.)

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