The R&M Bank has offered you the choice between two investment accounts: please give me solutions, that would helpful

#1 pays interest at a rate of 12% compounded semi-annually

#2 pays interest at a rate of 11% compounded monthly

Which investment account do you prefer and why?

		#1, 12% is greater than 11%
		#2, greater compounding frequency
		#2, highest effective rate
		#1, highest effective rate