Do the relevant calculations so you can indicate which you profor a bank acoount that...
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Finance
Do the relevant calculations so you can indicate which you profor a bank acoount that pays 4.6% per year (EAR) for 3 years or a. an account that pays 2.8% every 6 months for 3 years? b. an account that pays 8.4% every 18 months for 3 years? c. an account that pays 0.28% per month for 3 years? (Note: Compure your current bonk EAR with each of the three altemative accounts. Be careful not to round any intormediate steps less than sir decimal places.)
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