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Write a program that shows the growth of money that occurs in a savings account. Your program should read in the initial balance, should use 6.0 percent as the annual interest rate. Interest is compounded monthly. Your program should print out the balance for the first three months. For example: Initial balance: 1000 After first month: 1005.0 After second month: 1010.025 After third month: 1015.075125

Write a program that shows the growth of money that occurs in a savings account. Your program should read in the initial balance, should use 6.0 percent as the annual interest rate. Interest is compounded monthly. Your program should print out the balance for the first three months. For example: Initial balance: 1000 After first month: 1005.0 After second month: 1010.025 After third month: 1015.075125

Database System Concepts
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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Write a program that shows the growth of money that occurs in a savings account. Your program should read in the initial balance, should use 6.0 percent as the annual interest rate. Interest is compounded monthly. Your program should print out the balance for the first three months. For example: Initial balance: 1000 After first month: 1005.0 After second month: 1010.025 After third month: 1015.075125
Transcribed Image Text:Write a program that shows the growth of money that occurs in a savings account. Your program should read in the initial balance, should use 6.0 percent as the annual interest rate. Interest is compounded monthly. Your program should print out the balance for the first three months. For example: Initial balance: 1000 After first month: 1005.0 After second month: 1010.025 After third month: 1015.075125
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