A bank offers a money market account paying 8.5% interest compounded annually. A competing bank offers a money market account paying 8% interest compounded daily. Which account is the better investment? Click the icon to view some finance formulas. Formulas Choose the better investment. OA. 8.5% compounded annually. In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. O B. 8% compounded daily. peg Jurs nt A=P," v=(1"-1 A A=P 1+ P = Y = - 1 nt Print Done FEB w 22 MacBook Air

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