Meadow Company wants to invest its net profits of $96,000 for 10 years in either a credit union or a local bank. The credit union provides interest of 4.50% compounded monthly, while the local bank provides interest of 4.75% compounded semi-annually.

a. What would be the maturity value of the investment under the credit union option?

b. What would be the maturity value of the investment under the local bank option?