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As the assistant CFO of Honda Inc., you have been asked to decide where to deposit some excess firm cash. In which of the following
As the assistant CFO of Honda Inc., you have been asked to decide where to deposit some excess firm cash. In which of the following investment products would you decide to make the deposit?
A. An account that pays 5 percent interest that compounds quarterly.
b. An account that pays 5 percent interest that compounds annually.
C. An account that pays 5 percent interest that compounds monthly.
D. An account that pays 5 percent interest that compounds semiannually.
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