Choose the One Alternative That Best Completes the Statement or Answers

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
-Which of the two rates would yield the larger amount in 1 year: 5.2% compounded monthly or 5.1% compounded daily?

A) 5.2% compounded monthly
B) 5.1% compounded daily
C) They will yield the same amount.