Problem

A formula exists for calculating the amount of money in a savings account that begins with...

A formula exists for calculating the amount of money in a savings account that begins with an initial value (the initial principal, P) and earns interest with an annual interest rate i, for n years: P(1 + i)n.

Write a recursive function that calculates that same value, and check your result against the formula.

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Solutions For Problems in Chapter 16
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