Western Savings offers three-year term deposits at 2.25% compounded annually while your credit union offers such deposits

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 to invest, what is the value of your deposit?
(a) At Western Savings?
(b) At your credit union?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...