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Write a program that asks for the borrower's lastname, borrower's first name, borrower's middle name, civil status (Single, Married, Widow), principal, the interest rate and the number of times the interest is compounded. Follow the format of the report provided in the example. OUTPUT Example 1 Enter the borrower's lastname : Enter the borrower's firstname : Enter the borrower's middle name: Enter civil status : Married Enter the principal amount: 10,000 Enter the interest rate:5 Enter the number of times the interest will be compounded: 4 Enter the number of years: 4 Information: Name : ADOMAR L. ILAO Civil Status : MARRIED Interest Rate: 5.00% Times Compounded: 4 Principal: 10,000 Interest: 509.45 Amount in savings: 10,509.45

Write a program that asks for the borrower's lastname, borrower's first name, borrower's middle name, civil status (Single, Married, Widow), principal, the interest rate and the number of times the interest is compounded. Follow the format of the report provided in the example. OUTPUT Example 1 Enter the borrower's lastname : Enter the borrower's firstname : Enter the borrower's middle name: Enter civil status : Married Enter the principal amount: 10,000 Enter the interest rate:5 Enter the number of times the interest will be compounded: 4 Enter the number of years: 4 Information: Name : ADOMAR L. ILAO Civil Status : MARRIED Interest Rate: 5.00% Times Compounded: 4 Principal: 10,000 Interest: 509.45 Amount in savings: 10,509.45

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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PROGRAM DESCRIPTION John dela Cruz is interested in knowing how much his interest earning would be after some time. Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as: amount = principal * (1 + rate/m)" interest = amount - principal Principal is the balance in the savings account, rate is the interest rate (0 to 100), m is the number of times the interest is compounded during a year (m is either 1,2,3 or 4 if the interest is compounded quarterly) and nis the number of year., Write a program that asks for the borrower's lastname, borrower's first name, borrower's middle name, civil status (Single, Married, Widow), principal, the interest rate and the number of times the interest is compounded. Follow the format of the report provided in the example. OUTPUT Example 1 Enter the borrower's lastname : Enter the borrower's firstname : Enter the borrower's middle name: Enter civil status : Married Enter the principal amount: 10,000 Enter the interest rate:5 Enter the number of times the interest will be compounded: 4 Enter the number of years: 4 Information: Name : ADOMAR L. ILAO Civil Status : MARRIED Interest Rate: 5.00% Times Compounded: Principal: 4 10,000 Interest: 509.45 Amount in savings: 10,509.45
Transcribed Image Text:PROGRAM DESCRIPTION John dela Cruz is interested in knowing how much his interest earning would be after some time. Assuming there are no deposits other than the original investment, the balance in a savings account after one year may be calculated as: amount = principal * (1 + rate/m)" interest = amount - principal Principal is the balance in the savings account, rate is the interest rate (0 to 100), m is the number of times the interest is compounded during a year (m is either 1,2,3 or 4 if the interest is compounded quarterly) and nis the number of year., Write a program that asks for the borrower's lastname, borrower's first name, borrower's middle name, civil status (Single, Married, Widow), principal, the interest rate and the number of times the interest is compounded. Follow the format of the report provided in the example. OUTPUT Example 1 Enter the borrower's lastname : Enter the borrower's firstname : Enter the borrower's middle name: Enter civil status : Married Enter the principal amount: 10,000 Enter the interest rate:5 Enter the number of times the interest will be compounded: 4 Enter the number of years: 4 Information: Name : ADOMAR L. ILAO Civil Status : MARRIED Interest Rate: 5.00% Times Compounded: Principal: 4 10,000 Interest: 509.45 Amount in savings: 10,509.45
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