PARC Company has money to invest in an employeebenefit
Chapter , Problem 4-117(choose chapter or problem)
PARC Company has money to invest in an employeebenefit plan, and you have been chosen as the planstrustee. As an employee yourself, you want to maxi-mize the interest earned on this investment and havefound an accountthat pays 14% compoundedcontin- uously.PARCisprovidingyou$1200permonthtoputinto youraccountfor7 years.Whatwillbe the balanceinthisaccountattheendofthe7-yearperiod?
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