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c++ programming Lab 1 - Arithmetic Calculations SHOW ME THE MONEY $$$ Using the following formula to calculate the accrued amount of money using the
c++ programming
Lab 1 - Arithmetic Calculations SHOW ME THE MONEY \$\$\$ Using the following formula to calculate the accrued amount of money using the concept of compound interest. A=P(1+nr)nt A= Accrued amount (principal + interest) P= Principal amount r= Annual nominal interest rate as a decimal t= time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years n= number of compounding periods per year Step 1: Create a program named Compound that computes the accrued amount of money using the compound interest formula listed above. The values will be as follows: P (Principle) will be entered by the user T(Time)will be entered by the user in months Step by Step Solution
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