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problem: Which do you prefer: a bank account that pays 5 percent per year (EAR) for three years or

[A]   An account that pays 2.5 percent every six months for three years?

[B]   An account that pays 7.5 percent every 18 months for three years?

[C]   An account that pays 0.5 percent per month for three years?

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  • Category:- Basic Finance
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