Money to invest in an employee benefit plan

Reference no: EM13688012

PARC Company has money to invest in an employee benefit plan and you have been chosen as the plan's trustee. As an employee yourself, you want to maximize the interest earned on this investment and have found an account that pays seven percent compounded continuously. PARC is providing you $1200 per month to put into your account for seven years. What will be the balance in this account at the end of the seven-year period?

Reference no: EM13688012

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