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You want to save some money. You start with $1000, and contribute $100 to the account each month. Using an interest rate of 5% APR compounded monthly (.05/12), how much money will you have after ten years (120 months)? Create a table showing the monthly balance for each month. Plot the monthly balance in a bar graph. Rework this problem using a while loop to determine how long it will take to reach $5000

You want to save some money. You start with $1000, and contribute $100 to the account each month. Using an interest rate of 5% APR compounded monthly (.05/12), how much money will you have after ten years (120 months)? Create a table showing the monthly balance for each month. Plot the monthly balance in a bar graph. Rework this problem using a while loop to determine how long it will take to reach $5000

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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You want to save some money. You start with $1000, and contribute $100 to the account each month. Using an interest rate of 5% APR compounded monthly (.05/12), how much money will you have after ten years (120 months)? Create a table showing the monthly balance for each month. Plot the monthly balance in a bar graph. Rework this problem using a while loop to determine how long it will take to reach $5000
Transcribed Image Text:You want to save some money. You start with $1000, and contribute $100 to the account each month. Using an interest rate of 5% APR compounded monthly (.05/12), how much money will you have after ten years (120 months)? Create a table showing the monthly balance for each month. Plot the monthly balance in a bar graph. Rework this problem using a while loop to determine how long it will take to reach $5000
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