You can choose from the following savings accounts. Which account will result in the largest future value after $1$ year?

Group of answer choices

An account that pays $8\%$ nominal interest with annual compounding.

An account that pays $7\%$ nominal interest with daily $(365-$day$)$ compounding.

An account that pays $8\%$ nominal interest with daily $(365-$day$)$ compounding.

An account that pays $8\%$ nominal interest with monthly compounding.

An account that pays $7\%$ nominal interest with monthly compounding.