PARC Company has money to invest in an employee benefit plan, and you have been chosen as
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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. 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?
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A 1200 r 01412 001167 n 7 x 12 ...View the full answer
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Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
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