Question: Problem 2: (Interest Earned) Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be

Problem 2: (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:

Amount=Principal (1+ RateT)T

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 (for example, T is 4 if the interest is compounded quarterly).

Write a program that asks the user for the principal, the interest rate, and the number of times the interest is compounded. It should display a neatly formatted report similar to:

Interest Rate: 4.25%

Times Compounded: 12

Principal: $1000.00

Interest: $43.34

Amount In Savings: $1043.34

Please ensure that any fractions of a cent are rounded in your output.

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