This program calculates the future value of an investment for a given interest rate. We must provide the amount of the initial investment, the interest rate, the number of annual compounding periods of the interest and the term in years of the investment.
Example
Charles makes an investment of $ 7000 at 9.5%. If the interest is compounded monthly what will be the value of Charles' investment in 10 years?
Example
Charles makes an investment of $ 7000 at 9.5%. If the interest is compounded monthly what will be the value of Charles' investment in 10 years?
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