Re: Need help with bank program
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Re: Need help with bank program
Um, so what is it that you need, the equations for interest? Alright, I
suppose I can give them to you if you are too lazy to find them yourself.
B=P(1+(r/n))^(n*t)
B: balance at the end
P: initial deposit
r: annual percentage rate
n: number of times per year interest is compounded
t: number of years
If interest is continuously compounded:
B=P*e^(r*t)
e: base of ln, 2.71828....
>i need a program that will figure out how much money a bank account will
>have after X amount of years at X.XX% intrest rate. i made a sort-of
>similar program, but it has nothing to do with money. email me if you
>have any suggestions, or you want to see the other program.