You plan to make six equal annual deposits of $5,000. The first deposit will be made one year from now.

A bank offers two savings accounts with interest rates as follows:

Account A: stated annual rate of 12% with semi-annual compounding

Account B: stated annual rate of 11.75% with quarterly compounding

Which account would you choose? Why? If you keep the deposits in the chosen account, how much money will you have 20 years from now?