What investment accumulates more interest--15% compounded semi annually, or 14% compounded daily?
a. The 15% option earns one percentage point more than the 14% option over a year
b. The 15% option accumulates more over a year--EAR of 15.5% vs. the 14% option, with an EAR of 15.0%
c. They accumulate the same amount over a year
d. The 14% option earns an EAR of 15% and is better than the 15% option with an EAR of 15.9%