Olive Inc. wants to invest its net profits of $3,000.00 for 4 years in either a credit union or a local bank The credit union provides interest of 5.09% compounded semi-annually, while the local bank provides interest of 8.07% compounded quarterly. Calculate the maturity value of the investment with the:
a. Credit union____Round to the nearest cent.
b. Local bank____Round to the nearest cent.