Question: c++ programing language Problem: Interest Earned Assuming there are no deposits other than the original investment, the balance in a savings account after one year

c++ programing language
c++ programing language Problem: Interest Earned Assuming there are no deposits other
than the original investment, the balance in a savings account after one

Problem: 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 Final Balance = Principal *(1 + Rate/T)" where Principal is the balance in the account Rate is the annual interest rate, T is the number of times the interest is compounded during a year (e.g., 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 the following: Interest Rate: 4.25% Times Compounded: 12 Principal: S: 1000.00 Interest: S 43.33 Final balance: S 1043.33 Times Compounded: Principal: Interest: Final balance: 12 $ 1000.00 $ 43.33 $ 1043.33 Sample Output: Starting account balance: $1000 Annual account interest rate in the format. 03 (for 3%): -0425 Number of times interest is compounded annually: 12 Earnings Report - Interest Rate: Times Compounded Principal: Interest: Final Balance: 4.25% 12 $ 1eee.ee $ 43.34 $ 1843.34

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