Write a program thatreads in investment amount, annual interest rate, and number of years and displaysthe future investment value using the following formula:futureInvestmentValue =investmentAmount X (1 + monthlyInterestRate)numberOfYears*12For example, if you enter amount 1000, annual interest rate 3.25%, and numberof years 1, the future investment value is 1032.98.Here is a sample run: Enter investment amount: 1000.56 ↵EnterEnter annual interest rate in percentage: 4.25↵EnterEnter number of years: 1 ↵EnterFuture value is $1043.92
Write a program thatreads in investment amount, annual interest rate, and number of years and displaysthe future investment value using the following formula:futureInvestmentValue =investmentAmount X (1 + monthlyInterestRate)numberOfYears*12For example, if you enter amount 1000, annual interest rate 3.25%, and numberof years 1, the future investment value is 1032.98.Here is a sample run: Enter investment amount: 1000.56 ↵EnterEnter annual interest rate in percentage: 4.25↵EnterEnter number of years: 1 ↵EnterFuture value is $1043.92
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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Question
Write a
reads in investment amount, annual interest rate, and number of years and displays
the future investment value using the following formula:
futureInvestmentValue =
investmentAmount X (1 + monthlyInterestRate)numberOfYears*12
For example, if you enter amount 1000, annual interest rate 3.25%, and number
of years 1, the future investment value is 1032.98.
Here is a sample run:
Enter investment amount: 1000.56 ↵Enter
Enter annual interest rate in percentage: 4.25↵Enter
Enter number of years: 1 ↵Enter
Future value is $1043.92
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