7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a certain amount of money into a savings account with a fixed annual interest rate. Write a program that prompts the üser to enter the final account value, the annual interest rate in percent, and the number of years, and then displays the initial deposit amount. The initial deposit amount can be obtained using the following formula: finalAccountValue (1+ monthlyInterestRate)" initialDepositAmount = numberOfMonths Here is a sample run: Koutput> Enter final account value: 1000 Enter annual interest rate in percent: 4.25

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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7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a
certain amount of money into a savings account with a fixed annual interest rate. Write a
program that prompts the üser to enter the final accoünt value, the annual interest rate in
percent, and the number of years, and then displays the initial deposit amount. The initial
deposit amount can be obtained using the following formula:
finalAccountValue
(1+monthlyInterestRate)"
initialDepositAmount
numberOfMonths
Here is a sample run:
<output>
Enter final account value: 1000 <Enter icon>
Enter annual interest rate in percent: 4.25 <Enter icon>
Transcribed Image Text:7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a certain amount of money into a savings account with a fixed annual interest rate. Write a program that prompts the üser to enter the final accoünt value, the annual interest rate in percent, and the number of years, and then displays the initial deposit amount. The initial deposit amount can be obtained using the following formula: finalAccountValue (1+monthlyInterestRate)" initialDepositAmount numberOfMonths Here is a sample run: <output> Enter final account value: 1000 <Enter icon> Enter annual interest rate in percent: 4.25 <Enter icon>
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