Gail has $5,500 that she wants to put in a new savings account. She is considering two banks that are very similar. One difference she notices

are the interest rates:

• Neighborhood Bank - 1.2% interest, compounded annually

Beautiful Day Bank - 1.2% interest, compounded daily

.

Based on interest, which bank would you suggest Gail pick if she plans to

have her money in the account for 15 years