Problem

Future Value If P dollars (called the principal) is invested at r % interest compoun...

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.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search