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

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 value of your deposit?
(a) At Western Savings?
(b) At your credit union?

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