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PARC Company has money to invest in an employee benefit plan, and you have been chosen as theplans trustee. As an employee yourself, you want
PARC Company has money to invest in an employee benefit plan, and you have been chosen as theplans trustee. As an employee yourself, you want to maximize the interest earned on this investmentand have found an account that pays 12% compounded continuously. PARC is providing you $1200per quarter to put into your account for 7 years. What will be the balance in this account at the end of the 7-year period?
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