Bank A advertises a money market account that pays $1\mathrm{.}7\%$ compounded quarterly. Bank B advertises a money market account that pays $1\mathrm{.}6\%$ compounded daily.

a$)$ Determine the annual percentage yield for bank A$\text{'}$s money market account.

b$)$ Determine the annual percentage yield for bank B$\text{'}$s money market account.

c$)$ Assuming all other factors are equal, which bank's money market account would be the better investment?

a$)$ The annual percentage yield for the bank A money market account is $\%.$

$($Round to two decimal places as needed.$)$

b$)$ The annual percentage yield for the bank B money market account is $\%.$

$($Round to two decimal places as needed.$)$

c$)$ Which bank's money market account would be the better investment? Choose the correct answer below.

A$.$ Bank B$\text{'}$s money market account is the better investment because the annual percentage yield from bank $B$ is greater than the annual percentage yield from bank $A.$

B$.$ Bank A$\text{'}$s money market account is the better investment because the annual percentage yield from bank $A$ is greater than the annual percentage yield from bank $B.$

C$.$ Bank A$\text{'}$s money market account is the better investment because the annual percentage yield from bank $A$ is less than the annual percentage yield from bank $B.$

D$.$ Bank B$\text{'}$s money market account is the better investment because the annual percentage yield from bank $B$ is less than the annual percentage yield from bank $A.$

E$.$ Either bank is a good investment because the annual percentage yield from bank $A$ is the same as the annual percentage yield from bank $B.$