Solved
Compound interest .... !!!
Posted on 2003-12-11
hi everyone, i need help on that question ....
what is the compound interest formula if i'm using 'i' for the rate and 'n' for the numbers of years ???
i already wrote two functions but they're not working !!!!
//============================================
// First one
//========
public float Total(float i,int n) //Savings -> return balance after n years and i interest
{
for(int count=0; count<n; count++)
{
Balance *= Math.pow(( 1 + i ), n);
}
return Balance;
}
//================
// Second one
//========
public float Total(float i,int n) //Savings -> return balance after n years and i interest
{
return Balance *= Math.pow(( 1 + i ), n);
}
//============================
i don't know what one is the correct one .... i'm not a business major :P
and if by any chance ..... could anyone tell me how to do it in the recursive way !!!
thankz