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Which account would be preferred by a depositor (investor): (1) an account with 8.38% APR with monthly compounding or (2) an account with 8.5% APR

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Which account would be preferred by a depositor (investor): (1) an account with 8.38% APR with monthly compounding or (2) an account with 8.5% APR with semi-annual compounding? Multiple Choice The time period must be known to select the preferted account 8.38% with monthly compounding The depositor would be indifferent. 8.50% with semi-annual compounding

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