Western Savings offers three-year term deposits at 2.25% compounded annually while your credit union offers such deposits

Question:

Western Savings offers three-year term deposits at 2.25% compounded annually while your credit union offers such deposits at 2.0% compounded quarterly. If you have $5000 to invest, what is the maturity value of your deposit?
(a) At Western Savings?
(b) At your credit union?

Fantastic news! We've Found the answer you've been seeking!