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How to compute compound interest using a recurcive programming?
Wiki User
∙ 14y ago
This gives total after n years: Principal x ((1 + interest rate) to the power n)
eg 2500 @ 5% over 7 years compounded annually = 2500 x (1.05)7 = 2500 x 1.407 =
3517.75
Wiki User
∙ 14y ago
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