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Boston Holdings offers a savings account at 1.2% compounded monthly while Albany Secure Savings offers premium savings at 1.236% compounded yearly. Suppose you have

Boston Holdings offers a savings account at 1.2% compounded monthly while Albany Secure Savings offers premium savings at 1.2 

Boston Holdings offers a savings account at 1.2% compounded monthly while Albany Secure Savings offers premium savings at 1.236% compounded yearly. Suppose you have $8100.00 to invest for two years. a) Which deposit will earn more interest? b) What is the difference in the amount of interest?

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