Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.