The Monthly Bank pays 3 percent interest, compounded monthly, on their savings accounts. The Daily Bank pays 3 percent interest, compounded daily, on their savings accounts. You want to have $1,000 saved in an account 2 years from today. The amount you must deposit today in a lump sum to achieve your goal will be: a. the same regardless of which bank you choose because they both pay 3 percent b. will be greater you have your account at The Daily Bank c. will be greater if you have your account at The Monthly Bank. d the same regardless of which bank you choose because they both pay compound interest. e the same regardless of which bank you choose because they both pay simple interest