Program: The annual fee of inflation is the rate at which money loses its value. For example, if the annual rate of inflation is 3.0 percent, then in one year it will cost $1,030 to buy the goods that would have been purchased for $1000 today. Put another way, a year from now $1,000 will only buy 1/1.03 * $1,000, or $970.87, worth of goods. Two years from now, $1,000 will only buy only 1/1.03 of $970.87, or 942.59 worth of goods. Write a program that allows the user to enter an annual rate of inflation between 1 percent and 10 percent, and which then displays a table showing how much $1,000 today will be worth each year for the next 10 years. Input Validation: Decide how the program should handle rates less than zero. Using Const to represent starting value, min inflation rate, and maximum inflation rate Display formatted results, using fixed, and setpercision(2)
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Program:
The annual fee of inflation is the rate at which money loses its value. For example, if the annual rate of inflation is 3.0 percent, then in one year it will cost $1,030 to buy the goods that would have been purchased for $1000 today.
Put another way, a year from now $1,000 will only buy 1/1.03 * $1,000, or $970.87, worth of goods. Two years from now, $1,000 will only buy only 1/1.03 of $970.87, or 942.59 worth of goods.
Write a program that allows the user to enter an annual rate of inflation between 1 percent and 10 percent, and which then displays a table showing how much $1,000 today will be worth each year for the next 10 years.
Input Validation: Decide how the program should handle rates less than zero.
Using Const to represent starting value, min inflation rate, and maximum inflation rate
Display formatted results, using fixed, and setpercision(2)
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