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You are planning to save your salary bonus from work and are comparing savings accounts: Account A compounds semiannually while account B compounds monthly. If
You are planning to save your salary bonus from work and are comparing savings accounts: Account A compounds semiannually while account B compounds monthly. If both accounts have the same effective annual rate of interest, you should choose
A. either one of the accounts, since you would be indifferent between the two
B. account A because it has a higher APR
C. account B because it has a higher APR
D. account B because it is compounded more often
E. account A because you will pay less in taxes
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