Suppose you put $10,000 into a CDwith an annual percentage yield of 6.15%. After one month, the CD is worth10000 + 10000 * 6.15 / 1200 = 10051.25After two months, the CD is worth10051.25 + 10051.25 * 6.15 / 1200 = 10102.76After three months, the CD is worth10102.76 + 10102.76 * 6.15 / 1200 = 10154.53and so on.Write a program that prompts the user to enter an amount (e.g., 10000), the annualpercentage yield (e.g., 6.15), and the number of months (e.g., 18) and displays atable as shown in the sample run. Enter the initial deposit amount: 10000↵EnterEnter annual percentage yield: 6.15↵EnterEnter maturity period (number of months): 18↵EnterMonth CD Value1 10051.25 2 10102.76...17 10907.9018 10963.81
Suppose you put $10,000 into a CD
with an annual percentage yield of 6.15%. After one month, the CD is worth
10000 + 10000 * 6.15 / 1200 = 10051.25
After two months, the CD is worth
10051.25 + 10051.25 * 6.15 / 1200 = 10102.76
After three months, the CD is worth
10102.76 + 10102.76 * 6.15 / 1200 = 10154.53
and so on.
Write a
percentage yield (e.g., 6.15), and the number of months (e.g., 18) and displays a
table as shown in the sample run.
Enter the initial deposit amount: 10000↵Enter
Enter annual percentage yield: 6.15↵Enter
Enter maturity period (number of months): 18↵Enter
Month CD Value
1 10051.25
2 10102.76
...
17 10907.90
18 10963.81
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