You are planning to save your Christmas bonuses from work and are comparing savings accounts: Account A compounds semiannually while account B compounds monthly. If both accounts have the same quoted annual rate of interest and you place only the bonuses in the account, you should choose __________________________.

Select one:

a. either account, since both quote the same rate of interest

b. account A because it has a higher APR

c. account B because it is compounded more often

d. account A because you will pay less in taxes

e. account B because it has a higher APR