Larry has $$12,100\mathrm{.}00$ to invest for $72$ months. He found two accounts at his credit union. Which account should he choose? Assume there are $365$ days in a year.

An account earning $5\mathrm{.}6\%$ interest compounded daily.

An account earning $5\mathrm{.}6\%$ interest compounded quarterly.

It does not matter.

Why?

When interest rates are the same, the number of compoundings does not change the future value.

When interest rates are the same, more compoundings means a greater future value.

When interest rates are the same, more compoundings means a smaller future value.