Question
(C++) The interest paid on a savings account is compounded daily. This means that if you start with startbal dollars in the bank, at the
(C++) The interest paid on a savings account is compounded daily. This means that if you start with startbal dollars in the bank, at the end of the first day youll have a balance of startbal * (1 + rate/365) dollars, where rate is the annual interest rate (0.10 if the annual rate is 10 percent). At the end of the second day, youll have startbal * (1 + rate/365) * (1 + rate/365) dollars, and at the end of n days youll have startbal * (1 + rate/365)n dollars. Write a program that processes a set of data records, each of which contains values for rate, startbal, and n and computes the final account balance.
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