You have $500 that you would like to invest. You have 2 choices: Savings Account A that has an APR of 7.75% with daily compounding or Savings Account B that has an APR of 8.00% with annual compounding. Which should you choose and why? 1. A because it has a higher effective annual rate. 11. A because it has a higher APR. III. B because it has a higher effective annual rate. IV. B because it has a higher APR. Tonly O ll only Ill only IV only More than one of the above are correct