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You are a team of treasurers of Two wheels Inc. bicycle manufacturer. The company did quite well during the pandemic and now the times are
You are a team of treasurers of "Two wheels Inc." bicycle manufacturer. The company did quite well during the pandemic and now the times are uncertain. You have a meeting because the CFO asked you to decide where you allocate $1 Million excess cash for 5 years. Option 1. Place excess company funds into a bank account. This account earns 2% interest compounded yearly. It is a safe option and you will be able to withdraw the money if the company experiences difficulties. Option 2. A credit union in your town offers 1.8% compounded semiannually. Also, with unlimited withdrawal if necessary. What do you do
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