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The formula for compound interest is a p 1 rn where p

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Unformatted text preview: annually). Write a program that asks the user to enter the initial investment amount (also called the principle) and the interest rate and then outputs a table showing the amount in the account at the end of each of the first 10 years. The formula for compound interest is: a = p (1 + r)n where p is the principle r is the annual interest rate n is the number of years a is the amount in the account after n years The function pow(x,y) calculates xy Sample output for this program is shown on the next page. Program Output: Compound Interest % a.out Enter the principle amount: 1200.00 Enter the annual interest rate: .04 Year 1 2 3 4 5 6 7 8 9 10 % Amount in account 1248.00 1297.92 1349.84 1403.83 1459.98 1518.38 1579.12 1642.28 1707.97 1776.29 Example Program: Compound Interest 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 /* calculating compound interest */ #include <stdio.h> #include <math.h> int main() { double amount; double principle; double rate; int year; printf( "\nEnter the principle amount: " ); scanf( &q...
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