(Monthly Compound Interest Calculator) Modify Exercise 24.5 to calculate the compound interest on a monthly basis. Re- member that you must divide the interest rate by 12 to get the monthly rate.

What will be an ideal response?


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6 Monthly Compound Interest Calculator

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Enter the principal, interest rate and number of months. Press the Calculate

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Principal amount:



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Interest rate (e.g., .05 for 5%):

32 Computer Science & Information Technology

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