Compounded Interest Earned - Assume no additional deposits are made other than the original investment. The balance in an account after one year may be calculated as:

New Balance = Principal*(1+rate/T)^T

Principal is the opening balance in the 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 prompts the user for the principal, the interest rate, and the number of times the interest is compounded.

The output must be formatted in the following format:

Interest Rate: 4.25%

Times Compounded: 12

Principal: $1000.00

Interest: $43.34

Amount in Savings: 1043.34

C++