An amount of money P is invested in an account where interest is compounded at the end of the period. The future worth F yielded at an interest rate i after n periods may be determined from the following formula: F = P(1 + i)n
Write a script to calculate the future worth of an investment for each year from 1 through n. The input from the user should include the initial investment P, the interest rate i (as a decimal), and the number of years n for which the future worth is to be calculated. The output should consist of a table with headings and columns for n and F. Use the fprintf command to achieve a clean and readable format for the table. The following is the expected output from the program for P = $100, 000, i = 0.05 (that is, a 5% interest rate), and n = 10 years.
Enter initial investment in dollars: 100000 Enter the interest rate: 0.05 Enter number of years: 10 year future worth 0 100000.00 1 105000.00 2 110250.00 3 115762.50 4 121550.63 5 127628.16 6 134009.56 7 140710.04 8 147745.54 9 155132.82 10 162889.46
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