Computers and Technology

(2) Suppose you deposit a certain amount of money into a savings account that earns compound monthly interest, and you want to calculate you will have after a specific amount number of months. The formula is:

F = P * (1 + i)t

Where the terms in the formula are as follows:

F is the future value of the account after the specified amount of time.

P is the present value, or the amount that you want deposit.

i is the monthly interest rate.

t is the number of months that you plan to let the money sit in the account.

Write a function called futureValue() that takes on three arguments: P, i and t which returns the future value.

javascript

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