You have $500 that you would like to invest. You have two choices: Savings account A which earns 8% compounded annually, or savings account B which earns 7.75% compounded semi-annually. Which would you choose and why Select one:

a. B, because it has a higher effective annual rate

b. A, because it has a higher effective annual rate

c. B, because the future value in one year is lower

d. A, because the future value in one year is lower