Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth 10000 + 10000 * 5.75 / 1200 = 10047.91After two months, the CD is worth10047.91 + 10047.91 * 5.75 / 1200 = 10096.06After three months, the CD is worth10096.06 + 10096.06 * 5.75 / 1200 = 10144.43and so on.Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18)

Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth 10000 + 10000 * 5.75 / 1200 = 10047.91After two months, the CD is worth10047.91 + 10047.91 * 5.75 / 1200 = 10096.06After three months, the CD is worth10096.06 + 10096.06 * 5.75 / 1200 = 10144.43and so on.Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18)

Programming Logic & Design Comprehensive

9th Edition

ISBN:9781337669405

Author:FARRELL

Publisher:FARRELL

Chapter4: Making Decisions

Section: Chapter Questions

Problem 15RQ

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Question

Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth

10000 + 10000 * 5.75 / 1200 = 10047.91
After two months, the CD is worth
10047.91 + 10047.91 * 5.75 / 1200 = 10096.06
After three months, the CD is worth
10096.06 + 10096.06 * 5.75 / 1200 = 10144.43
and so on.
Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18)

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