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Olive Inc. wants to invest its net profits of $2,000.00 for 4 years in either a credit union or a local bank The credit union

Olive Inc. wants to invest its net profits of $2,000.00 for 4 years in either a credit union or a local bank The credit union provides interest of 4.09% compounded semi-annually, while the local bank provides interest of 6.07% compounded quarterly. Calculate the maturity value of the investment with the:

a. Credit union

b. Local bank

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

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