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Meadow Company wants to invest its net profits of $89,000 for 4 years in either a credit union or a local bank. The credit union

Meadow Company wants to invest its net profits of $89,000 for 4 years in either a credit union or a local bank. The credit union provides interest of 8.07% compounded monthly, while the local bank provides interest of 8.20% compounded semi-annually. Calculate the maturity value of the investment with:

a. Credit Union:

Round to the nearest cent

b. Local Bank:

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