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IN C++ please 5. Interest Earned: Assuming there are no deposits other than the original investment, the balance in a savings account after one year
IN C++ please
5. Interest Earned: Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as: Rate T Amount = Principal + (1 + *) 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: Enter the principal amount: 1000 Enter the interest rate: 4.25 Enter the number of times interest will be compounded: 12 Interest Rate: 4.25% Times Compounded: Principal: $ 1000.00 Interest: $ 43.34 Amount in Savings: $1043.34 Make sure to INCLUDED BUT comment out the prompts to the user for input. A WN 2 #includeStep by Step Solution
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