You will write a program that calculates the number of months it takes for an investment made in a Roth IRA to doubl in value. The program will prompt the user for an initial investment amount and an annual percent rate of return (APR The investment will earn a monthly dividend calculated as 1/12th the APR. The dividend is automatically reinvested each month. No taxes are paid on the investment income. You will use a while loop to implement a monthly calculation and value update. Each month the added interest will be calculated as: added_interest = current_value* (APR / 100) / 12 The loop will terminate as soon as the deposit passes double its initial value. Print out the number of months it took for the initial deposit to double in value at the given rate of return. Here is a short transcript showing how the progra would work using an absurd rate of return: Enter an initial Roth IRA deposit amount: 1000 Enter an annual percent rate of return: 150

You will write a program that calculates the number of months it takes for an investment made in a Roth IRA to doubl in value. The program will prompt the user for an initial investment amount and an annual percent rate of return (APR The investment will earn a monthly dividend calculated as 1/12th the APR. The dividend is automatically reinvested each month. No taxes are paid on the investment income. You will use a while loop to implement a monthly calculation and value update. Each month the added interest will be calculated as: added_interest = current_value* (APR / 100) / 12 The loop will terminate as soon as the deposit passes double its initial value. Print out the number of months it took for the initial deposit to double in value at the given rate of return. Here is a short transcript showing how the progra would work using an absurd rate of return: Enter an initial Roth IRA deposit amount: 1000 Enter an annual percent rate of return: 150

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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