Problem specification Create a program that allows the user to enter a person's age (in years) and current salary. Both input items should be entered as integers. The program should display a person's total earnings before retirement at age 65, using annual raise rates of 3%, 4%, and 5%. Display the total earning bre amounts as integers.

Problem specification Create a program that allows the user to enter a person's age (in years) and current salary. Both input items should be entered as integers. The program should display a person's total earnings before retirement at age 65, using annual raise rates of 3%, 4%, and 5%. Display the total earning bre amounts as integers.

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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Concept explainers

Max Function

Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.

Power Function

A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:

Question

**LAB 8-2 Plan and Create**

In this lab, you will plan and create an algorithm for the problem specification shown in Figure 8-15. You begin by analyzing the problem, looking first for the output and then for the input. In this case, the program should display a person’s total earnings before retirement at age 65, using annual raise rates of 3%, 4%, and 5%. To calculate the amounts, the program will need to know the person’s age and current salary.

Next, you plan the algorithm and then desk-check it. Figure 8-15 shows the completed IPO chart and desk-check table, which (for simplicity) uses an age of 62 and a salary of $25,000. The algorithm contains two loops. The outer loop keeps track of the three annual raise rates (3%, 4%, and 5%). The nested loop keeps track of the number of years until retirement.

---

**Problem specification**
Create a program that allows the user to enter a person’s age (in years) and current salary. Both input items should be entered as integers. The program should display a person’s total earnings before retirement at age 65, using annual raise rates of 3%, 4%, and 5%. Display the total earning amounts as integers.

**Input**
- Age (1-64 years)
- Current salary

**Processing**
- Processing items:
- Raise rate (3%, 4%, 5%)
- Years until retirement
- New salary
- Total earnings

**Output**
- Total earnings (at each of the years until retirement)

**Algorithm:**
1. Enter the age
2. If (the age is less than 1 or greater than 64)
- Display reenter message
3. Else
- Enter current salary
- Calculate years until retirement = 65 - age
- Repeat for (each raise rate)
- Assign current salary to new salary
- Assign current salary to total earnings
- Repeat for (year 2 to years until retirement)
- New salary = new salary * (1 + raise rate)
- Add new salary to total earnings
- End repeat
- Display raise rate and total earnings
- End repeat
- End if

---

**Diagram Explanation**

The page contains a diagram illustrating an IPO chart with the following:

1. **Inputs**: Current

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