Answer to Question #54762 in AJAX | JavaScript | HTML | PHP for cam

Question

Suppose you have a certain amount of money in a savings account that earns compound interest, and you want to calculate the amount that you will have after a specific number of months. The formula is as follows:
F = P X (1 + i) ^ t
The terms in the formula are:
F is the future value of the account after the account after the specified time period.
P is the present value of the account.
i is the monthly interest rate.
t is the number of months.
Write a program that executes a loop 5 times. Each step of the loop generate a random value for P, i (between 0 and 10 percent) , and the number of months betwen (1 and 100). The loop should then pass these values to a function that returns the future value of the account, after the specified number of months. The program should display the accounts future value each pass. See sample output below:
Present Value: $500.00
Monthly Interest Rate: .07
Number of Months: 72
Future Value: $65,253.23