I need help writing code for compounding interest using a for...next loop. No specific language, just simple logic code (it's for an intro to programming class and i'm lost.) Not necessarily looking for the answer but help with structuring the code.
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clueless
ANSWERS: 1
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Here is an example that would compound $1000 for 10 years, compounding once a year at 5% APR: balance = 1000 for (year = 1; year <=10; year ++) {balance = balance * 1.05} print balance Here is an example that would compound $1000 for 10 years, compounding once a month at 5% APR: balance = 1000 for (month = 1; month <=120; month ++) {balance = balance * 1.004167} print balance
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