Meadow Company wants to invest its net profits of $114,000 for 6 years in either a credit union or a local bank. The credit union provides interest of 10.38% compounded monthly, while the local bank provides interest of 10.51% compounded semi-annually. Calculate the maturity value of the investment with:

a. Credit Union:

b. Local Bank:

c. Which of the two options will yield the highest returns?

a. Credit Union

b. Local Bank