Another functionality for the app is the ability to estimate the return on investment over a period of time. In order to implement this feature, you will have to update the investment calculator algorithm. The base function to calculate the return on investment from Task 1 can be reutilized here to simplify our task. This feature will take into consideration a 12-month period by default. To calculate the total amount earned over a period of time, you will have to loop through the n-months period, increase the amount for each period. The other rules from the previous task apply here as well. For example: If you invest $3 million on the first month, and obtain a return of $93,000 dollars, then the amount to be invested in the second month is $3.093 million. To summarize: Loop over a period of 12 months to calculate the total for each period Return the accumulated estimated value for a period of 12 months
Another functionality for the app is the ability to estimate the return on investment over a period of time. In order to implement this feature, you will have to update the investment calculator algorithm. The base function to calculate the return on investment from Task 1 can be reutilized here to simplify our task. This feature will take into consideration a 12-month period by default. To calculate the total amount earned over a period of time, you will have to loop through the n-months period, increase the amount for each period. The other rules from the previous task apply here as well. For example: If you invest $3 million on the first month, and obtain a return of $93,000 dollars, then the amount to be invested in the second month is $3.093 million. To summarize: Loop over a period of 12 months to calculate the total for each period Return the accumulated estimated value for a period of 12 months
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
Section: Chapter Questions
Problem 1PE
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Another functionality for the app is the ability to estimate the return on investment over a period of time. In order to implement this feature, you will have to update the investment calculator algorithm .
The base function to calculate the return on investment from Task 1 can be reutilized here to simplify our task. This feature will take into consideration a 12-month period by default.
To calculate the total amount earned over a period of time, you will have to loop through the n-months period, increase the amount for each period. The other rules from the previous task apply here as well.
For example: If you invest $3 million on the first month, and obtain a return of $93,000 dollars, then the amount to be invested in the second month is $3.093 million.
To summarize:
Loop over a period of 12 months to calculate the total for each period
Return the accumulated estimated value for a period of 12 months
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