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Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as Amount =

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Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as Amount = Principal X Rate T (1+ T Principal is the balance in the savings account, Rate is the interest rate, and T 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: Interest Race: 4, 259 Times Compounded: 12 Principal $ 1000 00 Interest Amount in Savings $ 1043. 34

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