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 monthsfor three​ years?
B. An account that pays 6.8 % every 18 monthsfor three​ years?
C. An account that pays 0.65 % per month forthree​ years? ​
(Note: Compare your current bank EAR with each of the threealternative accounts. Be careful not to round any intermediatesteps less than six decimal​ places.)
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If you deposit $ 1 into a bank account that pays 5.1 % per yearfor three​ years: The amount you will receive after three years is​[...]?
