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(Solved) : 18 Interest Earned Assuming Deposits Original Investment Balance Savings Account One Year Q31072625 . . .

18. Interest Earned Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as Rate T Amount-Principal (1+ Principal is the balance in the savings account, Rate is the interest rate, and r is the number of times the interest is compounded during a year (T is 4 if the interest is compounded quarterly). Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded. It should display a report similar to 4.25% Interest Rate: Times Compounded: Principal: Interest: Amount in Savings: 1043.34 12 $ 1000.00 $ 43.3418. Interest Earned Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as Rate T Amount-Principal (1+ Principal is the balance in the savings account, Rate is the interest rate, and r is the number of times the interest is compounded during a year (T is 4 if the interest is compounded quarterly). Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded. It should display a report similar to 4.25% Interest Rate: Times Compounded: Principal: Interest: Amount in Savings: 1043.34 12 $ 1000.00 $ 43.34 Show transcribed image text

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