10. Future Value Suppose you have a certain amount of money in a savinggs account that earns com- pound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula, whiech is known as the future value formüla, is

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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need to deposit today. Demonstrate the tunctic
ment with different values for the formula's terms.
ma program that letS the user experi-
10. Future Value
Suppose you have a certain amount of money in a savings account that earms com-
pound monthly interest, and you want to calculate the amount that you will have
after a specific number of months. The formula, which is known as the furure value
formula, is
The terms in the tormula are as follows:
IN he futurd valie of the account aftet the specified bimc period.
Phthe present valüe ol the acceunt.
Gs the mönthly interest raté.
is the nanber of aiontlis.
Write & program tat pTỚnbs the usCE 10 Giter thekcounts prcsent value, monthly
interest rare dnyi the nütlecof months tt the mones will he keteinthe account The
program shiould pass thdse Mälus toa fungrkin pared futurevalue that returns the
future value o the account.ter the speife onths, The program should
display the aCCHunt's tutire vale
11. Lowest Score Drop
Transcribed Image Text:need to deposit today. Demonstrate the tunctic ment with different values for the formula's terms. ma program that letS the user experi- 10. Future Value Suppose you have a certain amount of money in a savings account that earms com- pound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula, which is known as the furure value formula, is The terms in the tormula are as follows: IN he futurd valie of the account aftet the specified bimc period. Phthe present valüe ol the acceunt. Gs the mönthly interest raté. is the nanber of aiontlis. Write & program tat pTỚnbs the usCE 10 Giter thekcounts prcsent value, monthly interest rare dnyi the nütlecof months tt the mones will he keteinthe account The program shiould pass thdse Mälus toa fungrkin pared futurevalue that returns the future value o the account.ter the speife onths, The program should display the aCCHunt's tutire vale 11. Lowest Score Drop
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