Your uncle's will leaves you $$250,000.$ Being wiser than many your age, you decide to save the money. $1$st Eastern Shore Bank is

offering $3\mathrm{.}45\%$ compounded quarterly. $2$nd Tidal Bank offers $3\mathrm{.}44\%$ compounded daily. Being a wealth maximizer, what should you

do$?$

The choice is immaterial$--$the rates are exactly the same

Invest with $1$st Eastern Shore Bank

Always invest in the security with the higher nominal rate $(3\mathrm{.}45\%)$

Invest with $2$nd Tidal Bank