Question: You put $1000 in the bank and will be adding additional $1000 per annum. Say that you are willing to wait 40 years for your
You put $1000 in the bank and will be adding additional $1000 per annum. Say that you are willing to wait 40 years for your saving to reach one million dollars. How high must the interest rate be to achieve this goal? To answer that, write a program that try out various interest rates from the user until you find one that works.
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