What will be the balance in the account

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Reference no: EM132157822

Question: 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 14% compounded continuously. PARCis providing you $1200 per month to put into your account for 7 years. What will be the balance in this account at the end of the 7-yearperiod?

Reference no: EM132157822

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