Question
This is c code. please only use stdio.h Compound interest is interest calculated on both the principal amount and the accumulated interest. The total amount
This is c code. please only use stdio.h
Compound interest is interest calculated on both the principal amount and the accumulated interest. The total amount accumulated after period k is computed as:
Ak = (1 + p)*(Ak-1) + d
Where:
p is the interest percentage earned every period, for example input should write 0.03 which represent 3% (input 3 would represent 300%) interest.
d is the amount deposited every period
Ak-1 is the total amount accumulated after the k-1th period
A0 is the initial deposited amount
Write a recursive function that takes as input the interest percentage, the initial and periodical deposit amounts, and the number of periods and returns the amount accumulated by the given time span.
Write a program that asks the user to enter 4 values separate by space for the initial deposit, the regular deposit, the interest percentage per period and the number of periods and uses the function above to print out the corresponding accumulated amount after the time span.
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