Example: An amount of $1,500.00 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. What is the
balance after 6 years? Solution: Using the compound interest formula, we have that P = 1500, r = 4.3/100 = 0.043, n = 4, t = 6. Therefore, Example Solution: A = 1500(1+0.043/4)4 (6) So, the balance after 6 years is approximately $1,938.84. Display the original deposit, the interest earned and the new Balance (with interested added to the deposit). Your program will prompt user for the name of input file and will process all the data in the file. Refer to the samples below for input file and output format.
He must consider all of these because the database is the foundation and you Will come to a lot of problems later on in the road if the foundation is faulty
