Part III: Retirement Savings

Jean just inherited $$10,000.$ She wants to invest it in a savings account for her retirement. She has

researched banks and found the following three options.

Institution Rate Information

Wells Fargo $2\mathrm{.}08\%$ annual rate $($APR$),$ compounded monthly

Chase $2\mathrm{.}09\%$ annual rate $($APR$),$ compounded quarterly

Truist $2\mathrm{.}05\%$ annual rate $($APR$),$ compounded daily

Calculate the percentage annual yield $($rounded to $2$ decimal places$)$ for each account and decide which is

her best choice.