Question

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

​$nothing.

​(Round to five decimal​ places.)a. An account that pays

2.9%

every six months for 3​ years?                                  If you deposit

$1

into a bank account that pays

2.9%

every six months for three​ years:The amount you will receive after three years is

​$nothing.

​(Round to five decimal​ places.)Which bank account would you​ prefer?

▼

2.9 % every six months for three years

4.7% per year for three years

. ​(Select from the​ drop-down menu.)b. An account that pays

7.9%

every 18 months for 3​ years?                                    If you deposit

$1

into a bank account that pays

7.9%

every 18 months for three​ years:The amount you will receive after three years is

​$nothing.

​(Round to five decimal​ places.)Which bank account would you​ prefer?

▼

4.7% per year for three years

7.9% every 18 months for three years

. ​(Select from the​ drop-down menu.)c. An account that pays

0.62%

per month for three​ years?                                               If you deposit

$1

into a bank account that pays

0.62%

per month for three yearsThe amount you will receive after three years is

​$nothing.

​ (Round to five decimal​ places.)Which bank account would you​ prefer?

▼

4.7 % per year for three years

0.62% every month for three years

. ​(Select from the​ drop-down menu.)

Enter your answer in each of the answer boxes.

Answer 1