Future Value If P dollars (called the principal) is invested at r % interest compounded annually, then the future value of the investment after n years is given by the formula
Write a program that calculates the balance of the investment after the user gives the principal, interest rate, and number of years. Figure 3.29 shows that $1000 invested at 5 % interest will grow to $1,157.63 in 3 years.
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