4. Task 3: Using a nested loop Write a program that takes a bank account balance and an interest rate as an input. And then outputs the value of the account in 5 years. The output should show the value of the account for two different methods of compounding interest: annually and monthly. When compounded annually, the interest is added once per year at the end of the year. When compounded monthly the interest is added in 12 times per year. On annual interest, you can assume that the interest is posted exactly one year from the date of deposit. In other words, you do not have to worry about interest being posted on a specific day of the year, like December 31. Similarly, you can assume monthly interest is posted exactly one month after. Since the account earns interest on the interest, the account should have a higher balance when interest is posted more frequently. Be sure to adjust the interest rate for the time period of the interest. If the rate is 5%, then when posting monthly interest, you use (5/12%). Do your calculations using a loop that adds in the interest for each time period. (Do not use some sort of algebraic formula). Your program should have an outer loop that allows the user to repeat this calculation for a new balance and interest rate. NOTE: Your source code must display any of the given sample output below. It means your source code should be flexible enough to meet any of the given sample output. Your source code output must be identical to any of the given sample output. It means you have to strictly follow what are the displayed text, labels, casing of characters in the sample output. OUTPUT 1 Bank Account Balance: 100 Interest Rate: 5 Mode Menu [1] Annually [2] Monthly Option: 1 Annually Interest Bank Account Balance in Year 1: 105.00 Bank Account Balance in Year 2: 110.25 Bank Account Balance in Year 3: 115.76 Bank Account Balance in Year 4: 121.55 Bank Account Balance in Year 5: 127.63 OUTPUT 2 Bank Account Balance: 100 Interest Rate: 5 Mode Menu [1] Annually [2] Monthly Option: 2 Monthly Interest Year 1 Bank Account Balance in Month 1: 100.42 Bank Account Balance in Month 2: 100.84 Bank Account Balance in Month 3: 101.26 Bank Account Balance in Month 4: 101.68 Bank Account Balance in Month 5: 102.10 Bank Account Balance in Month 6: 102.53 Bank Account Balance in Month 7: 102.95 Bank Account Balance in Month 8: 103.38 Bank Account Balance in Month 9: 103.81 Bank Account Balance in Month 10: 104.25 Bank Account Balance in Month 11: 104.68 Bank Account Balance in Month 12: 105.12 Year 2 Bank Account Balance in Month 1: 105.55 Bank Account Balance in Month 2: 105.99 Bank Account Balance in Month 3: 106.44 Bank Account Balance in Month 4: 106.88 Bank Account Balance in Month 5: 107.32 Bank Account Balance in Month 6: 107.77 Bank Account Balance in Month 7: 108.22 Bank Account Balance in Month 8: 108.67 Bank Account Balance in Month 9: 109.12 Bank Account Balance in Month 10: 109.58 Bank Account Balance in Month 11: 110.04 Bank Account Balance in Month 12: 110.49 Year 3 Bank Account Balance in Month 1: 110.95 Bank Account Balance in Month 2: 111.42 Bank Account Balance in Month 3: 111.88 Bank Account Balance in Month 4: 112.35 Bank Account Balance in Month 5: 112.82 Bank Account Balance in Month 6: 113.29 Bank Account Balance in Month 7: 113.76 Bank Account Balance in Month 8: 114.23 Bank Account Balance in Month 9: 114.71 Bank Account Balance in Month 10: 115.19 Bank Account Balance in Month 11: 115.67 Bank Account Balance in Month 12: 116.15 Year 4 Bank Account Balance in Month 1: 116.63 Bank Account Balance in Month 2: 117.12 Bank Account Balance in Month 3: 117.61 Bank Account Balance in Month 4: 118.10 Bank Account Balance in Month 5: 118.59 Bank Account Balance in Month 6: 119.08 Bank Account Balance in Month 7: 119.58 Bank Account Balance in Month 8: 120.08 Bank Account Balance in Month 9: 120.58 Bank Account Balance in Month 10: 121.08 Bank Account Balance in Month 11: 121.58 Bank Account Balance in Month 12: 122.09 Year 5 Bank Account Balance in Month 1: 122.60 Bank Account Balance in Month 2: 123.11 Bank Account Balance in Month 3: 123.62 Bank Account Balance in Month 4: 124.14 Bank Account Balance in Month 5: 124.65 Bank Account Balance in Month 6: 125.17 Bank Account Balance in Month 7: 125.70 Bank Account Balance in Month 8: 126.22 Bank Account Balance in Month 9: 126.74 Bank Account Balance in Month 10: 127.27 Bank Account Balance in Month 11: 127.80 Bank Account Balance in Month 12: 128.34
4. Task 3: Using a nested loop Write a program that takes a bank account balance and an interest rate as an input. And then outputs the value of the account in 5 years. The output should show the value of the account for two different methods of compounding interest: annually and monthly. When compounded annually, the interest is added once per year at the end of the year. When compounded monthly the interest is added in 12 times per year. On annual interest, you can assume that the interest is posted exactly one year from the date of deposit. In other words, you do not have to worry about interest being posted on a specific day of the year, like December 31. Similarly, you can assume monthly interest is posted exactly one month after. Since the account earns interest on the interest, the account should have a higher balance when interest is posted more frequently. Be sure to adjust the interest rate for the time period of the interest. If the rate is 5%, then when posting monthly interest, you use (5/12%). Do your calculations using a loop that adds in the interest for each time period. (Do not use some sort of algebraic formula). Your program should have an outer loop that allows the user to repeat this calculation for a new balance and interest rate. NOTE: Your source code must display any of the given sample output below. It means your source code should be flexible enough to meet any of the given sample output. Your source code output must be identical to any of the given sample output. It means you have to strictly follow what are the displayed text, labels, casing of characters in the sample output. OUTPUT 1 Bank Account Balance: 100 Interest Rate: 5 Mode Menu [1] Annually [2] Monthly Option: 1 Annually Interest Bank Account Balance in Year 1: 105.00 Bank Account Balance in Year 2: 110.25 Bank Account Balance in Year 3: 115.76 Bank Account Balance in Year 4: 121.55 Bank Account Balance in Year 5: 127.63 OUTPUT 2 Bank Account Balance: 100 Interest Rate: 5 Mode Menu [1] Annually [2] Monthly Option: 2 Monthly Interest Year 1 Bank Account Balance in Month 1: 100.42 Bank Account Balance in Month 2: 100.84 Bank Account Balance in Month 3: 101.26 Bank Account Balance in Month 4: 101.68 Bank Account Balance in Month 5: 102.10 Bank Account Balance in Month 6: 102.53 Bank Account Balance in Month 7: 102.95 Bank Account Balance in Month 8: 103.38 Bank Account Balance in Month 9: 103.81 Bank Account Balance in Month 10: 104.25 Bank Account Balance in Month 11: 104.68 Bank Account Balance in Month 12: 105.12 Year 2 Bank Account Balance in Month 1: 105.55 Bank Account Balance in Month 2: 105.99 Bank Account Balance in Month 3: 106.44 Bank Account Balance in Month 4: 106.88 Bank Account Balance in Month 5: 107.32 Bank Account Balance in Month 6: 107.77 Bank Account Balance in Month 7: 108.22 Bank Account Balance in Month 8: 108.67 Bank Account Balance in Month 9: 109.12 Bank Account Balance in Month 10: 109.58 Bank Account Balance in Month 11: 110.04 Bank Account Balance in Month 12: 110.49 Year 3 Bank Account Balance in Month 1: 110.95 Bank Account Balance in Month 2: 111.42 Bank Account Balance in Month 3: 111.88 Bank Account Balance in Month 4: 112.35 Bank Account Balance in Month 5: 112.82 Bank Account Balance in Month 6: 113.29 Bank Account Balance in Month 7: 113.76 Bank Account Balance in Month 8: 114.23 Bank Account Balance in Month 9: 114.71 Bank Account Balance in Month 10: 115.19 Bank Account Balance in Month 11: 115.67 Bank Account Balance in Month 12: 116.15 Year 4 Bank Account Balance in Month 1: 116.63 Bank Account Balance in Month 2: 117.12 Bank Account Balance in Month 3: 117.61 Bank Account Balance in Month 4: 118.10 Bank Account Balance in Month 5: 118.59 Bank Account Balance in Month 6: 119.08 Bank Account Balance in Month 7: 119.58 Bank Account Balance in Month 8: 120.08 Bank Account Balance in Month 9: 120.58 Bank Account Balance in Month 10: 121.08 Bank Account Balance in Month 11: 121.58 Bank Account Balance in Month 12: 122.09 Year 5 Bank Account Balance in Month 1: 122.60 Bank Account Balance in Month 2: 123.11 Bank Account Balance in Month 3: 123.62 Bank Account Balance in Month 4: 124.14 Bank Account Balance in Month 5: 124.65 Bank Account Balance in Month 6: 125.17 Bank Account Balance in Month 7: 125.70 Bank Account Balance in Month 8: 126.22 Bank Account Balance in Month 9: 126.74 Bank Account Balance in Month 10: 127.27 Bank Account Balance in Month 11: 127.80 Bank Account Balance in Month 12: 128.34
Computer Networking: A Top-Down Approach (7th Edition)
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4. Task 3: Using a nested loop
Write a program that takes a bank account balance and an interest rate as an input. And then outputs the value of the account in 5 years. The output should show the value of the account for two different methods of compounding interest: annually and monthly. When compounded annually, the interest is added once per year at the end of the year. When compounded monthly the interest is added in 12 times per year. On annual interest, you can assume that the interest is posted exactly one year from the date of deposit. In other words, you do not have to worry about interest being posted on a specific day of the year, like December 31. Similarly, you can assume monthly interest is posted exactly one month after. Since the account earns interest on the interest, the account should have a higher balance when interest is posted more frequently. Be sure to adjust the interest rate for the time period of the interest. If the rate is 5%, then when posting monthly interest, you use (5/12%). Do your calculations using a loop that adds in the interest for each time period. (Do not use some sort of algebraic formula). Your program should have an outer loop that allows the user to repeat this calculation for a new balance and interest rate.
NOTE:
Your source code must display any of the given sample output below.
It means your source code should be flexible enough to meet any of the given sample output.
Your source code output must be identical to any of the given sample output.
It means you have to strictly follow what are the displayed text, labels, casing of characters in the sample output.
Your source code must display any of the given sample output below.
It means your source code should be flexible enough to meet any of the given sample output.
Your source code output must be identical to any of the given sample output.
It means you have to strictly follow what are the displayed text, labels, casing of characters in the sample output.
| OUTPUT 1 |
|---|
| Bank Account Balance: 100 |
| Interest Rate: 5 |
| Mode Menu |
| [1] Annually |
| [2] Monthly |
| Option: 1 |
| Annually Interest |
| Bank Account Balance in Year 1: 105.00 |
| Bank Account Balance in Year 2: 110.25 |
| Bank Account Balance in Year 3: 115.76 |
| Bank Account Balance in Year 4: 121.55 |
| Bank Account Balance in Year 5: 127.63 |
| OUTPUT 2 |
|---|
| Bank Account Balance: 100 |
| Interest Rate: 5 |
| Mode Menu |
| [1] Annually |
| [2] Monthly |
| Option: 2 |
| Monthly Interest |
| Year 1 |
| Bank Account Balance in Month 1: 100.42 |
| Bank Account Balance in Month 2: 100.84 |
| Bank Account Balance in Month 3: 101.26 |
| Bank Account Balance in Month 4: 101.68 |
| Bank Account Balance in Month 5: 102.10 |
| Bank Account Balance in Month 6: 102.53 |
| Bank Account Balance in Month 7: 102.95 |
| Bank Account Balance in Month 8: 103.38 |
| Bank Account Balance in Month 9: 103.81 |
| Bank Account Balance in Month 10: 104.25 |
| Bank Account Balance in Month 11: 104.68 |
| Bank Account Balance in Month 12: 105.12 |
| Year 2 |
| Bank Account Balance in Month 1: 105.55 |
| Bank Account Balance in Month 2: 105.99 |
| Bank Account Balance in Month 3: 106.44 |
| Bank Account Balance in Month 4: 106.88 |
| Bank Account Balance in Month 5: 107.32 |
| Bank Account Balance in Month 6: 107.77 |
| Bank Account Balance in Month 7: 108.22 |
| Bank Account Balance in Month 8: 108.67 |
| Bank Account Balance in Month 9: 109.12 |
| Bank Account Balance in Month 10: 109.58 |
| Bank Account Balance in Month 11: 110.04 |
| Bank Account Balance in Month 12: 110.49 |
| Year 3 |
| Bank Account Balance in Month 1: 110.95 |
| Bank Account Balance in Month 2: 111.42 |
| Bank Account Balance in Month 3: 111.88 |
| Bank Account Balance in Month 4: 112.35 |
| Bank Account Balance in Month 5: 112.82 |
| Bank Account Balance in Month 6: 113.29 |
| Bank Account Balance in Month 7: 113.76 |
| Bank Account Balance in Month 8: 114.23 |
| Bank Account Balance in Month 9: 114.71 |
| Bank Account Balance in Month 10: 115.19 |
| Bank Account Balance in Month 11: 115.67 |
| Bank Account Balance in Month 12: 116.15 |
| Year 4 |
| Bank Account Balance in Month 1: 116.63 |
| Bank Account Balance in Month 2: 117.12 |
| Bank Account Balance in Month 3: 117.61 |
| Bank Account Balance in Month 4: 118.10 |
| Bank Account Balance in Month 5: 118.59 |
| Bank Account Balance in Month 6: 119.08 |
| Bank Account Balance in Month 7: 119.58 |
| Bank Account Balance in Month 8: 120.08 |
| Bank Account Balance in Month 9: 120.58 |
| Bank Account Balance in Month 10: 121.08 |
| Bank Account Balance in Month 11: 121.58 |
| Bank Account Balance in Month 12: 122.09 |
| Year 5 |
| Bank Account Balance in Month 1: 122.60 |
| Bank Account Balance in Month 2: 123.11 |
| Bank Account Balance in Month 3: 123.62 |
| Bank Account Balance in Month 4: 124.14 |
| Bank Account Balance in Month 5: 124.65 |
| Bank Account Balance in Month 6: 125.17 |
| Bank Account Balance in Month 7: 125.70 |
| Bank Account Balance in Month 8: 126.22 |
| Bank Account Balance in Month 9: 126.74 |
| Bank Account Balance in Month 10: 127.27 |
| Bank Account Balance in Month 11: 127.80 |
| Bank Account Balance in Month 12: 128.34 |
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task3.c
4 Tack 3. Ukina a
#include <stdio.h>
Press Esc to exit full screen
3
void main()
4
{
//your codes here...
4. Task 3: Using a nested loop
5
6
Write a program that takes a bank account
8
9
balance and an interest rate as an input. And
10
11
then outputs the value of the account in 5 years.
12
13
The output should show the value of the account
14
for two different methods of compounding
15
16
interest: annually and monthly. When
17
18
compounded annually, the interest is added once
19
20
}
per year at the end of the year. When
compounded monthly the interest is added in 12
times per year. On annual interest, you can
assume that the interest is posted exactly one
year from the date of deposit. In other words,
you do not have to worry about interest being
posted on a specific day of the year, like
December 31. Similarly, you can assume monthly
interest is posted exactly one month after. Since
0% (1:0)
the account earns interest on the interest, the
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