Greg just received his tax refund. He plans to buy a new car one year from now and he wants to save his refund until then. Greg is considering a certificate of deposit because it has a higher rate than a savings account, but he won't be allowed to withdraw his money for a set time period. Two banks are currently offering similar interest rates on their 12-month certificates of deposit.

Discover is offering an annual rate of 2.6200% compounded daily.

Capital One is offering an annual rate of 2.6672% compounded monthly.

Compute the APY for both banks, round to three decimal places.

The APY on the Discover CD is [ Select ] ["2.655%", "2.700%", "1.027%", "2.670%"] .

The APY on the Capital One CD is [ Select ] ["1.027%", "2.655%", "2.670%", "2.700%"] .

Frank should choose [ Select ] ["Discover", "Capital One"] .