Money to invest in an employee benefit plan

Reference no: EM13692591

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 7% compounded continuously. PARC is 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-year period?

Reference no: EM13692591

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