pls answer (a) and (b) questions

On an online discussion forum on personal finance, someone writes the following post asking for advice: Hello! Kinda confused about my situation here. This week I luckily received a significant monetary gift from a relative. I have the option to invest it in these accounts: - Account A, which earns at an APR of 4% compounded monthly. - Account B, where interest is compounded daily, and where the effective annual rate is 4% (I don't know the APR). In Account B the 4% is an effective annual rate... does this mean Account B is better if I leave the money in there for one year? How can I compare the performance of these accounts? I'm also deciding whether to leave the money in the account for one year or two years... but will this make a difference in deciding which one is better? Help pls :) u/confusedaboutmoney The poster is essentially asking two questions: (a) Which account is better if they leave the money in the account for one year? (b) Does it make a difference how long they plan to leave the money in the account? The poster is essentially asking two questions: (a) Which account is better if they leave the money in the account for one year? (b) Does it make a difference how long they plan to leave the money in the account? Write a response to the poster that answers these questions