Question

Write most basic C++ program possible that calculates monthly savings account balance. Program will prompt user to enter initial account balance, annual percentage rate, amount deposited each month, and total number of months. Validate user inputs allowing only positive numbers.

B = initial account balance

A = amount deposited each month

R = annual percentage rate

Total Balance = (R/12+1)B+A

Answer #1

#include <iostream>

using namespace std;

int main(){

double initial_account_balance,total_balance;

double annual_percentage_rate,monthly_interest;

double amount_deposited;

double number_of_months;

while(true){

cout<<"ENter positive initial account balance :";

cin>>initial_account_balance;

if(initial_account_balance>0)break;

}

while(true){

cout<<"ENter positive annual percentage rate :";

cin>>annual_percentage_rate;

if(annual_percentage_rate>0)break;

}

while(true){

cout<<"ENter positive amount deposited:";

cin>>amount_deposited;

if(amount_deposited>0)break;

}

while(true){

cout<<"ENter positive number of months :";

cin>>number_of_months;

if(number_of_months>0)break;

}

total_balance=initial_account_balance;

monthly_interest=annual_percentage_rate/12;

for(int i=1;i<=number_of_months;i++){

total_balance+=total_balance*monthly_interest;

}

cout<<total_balance<<endl;

return 0;

}

Problem 2 write Pseudocode for a program that calculates and
displays a customer's bank balance at the end of a month. The
customer's bank balance at the end of the month is the beginning
bank balance + the total amount of monthly deposit made - the total
amount of monthly withdrawals made + interest earned. The
information the program will need to get from the user is the
beginning bank balance, the amount of monthly deposits , the amount
of...

A Cable Company has hired you to write a C++ program that
calculates the monthly bill for their customers. It must meet the
following specifications:
The program must first greet the customer.
The program must then ask for their name, the number of basic
channels packages they’re subscribed to, then the number of premium
channel packages they’re subscribed to.
The bill is calculated as follows:
There is a $75 base fee.
The first 3 basic channels packages are free, after...

C++
Write a program that calculates and prints the total grade for n
assignments
as a percentage. Prompt the user to enter the value of n, followed
by the number
of points received and number of points possible for each
assignment . Calculate
and print the total number of points received, total number of
points possible,
and the overall percentage: (total points received / total points
possible) * 100.
Output:
Enter·number·of·assignments·to·input:3↵
Enter·number·of·points·received·for·assignment·1 :10↵
Enter·number·of·possible·points·for·assignment·1 :10↵
Enter·number·of·points·received·for·assignment·2 :7↵
Enter·number·of·possible·points·for·assignment·2 :12↵
Enter·number·of·points·received·for·assignment·3...

Hi, I need a program in C, where it will prompt a user for a
math quiz, either easy or medium. If the user choses difficulty
easy, it will prompt the user for how many questions they would
like from 1-5. If the user enters medium it will prompt the user on
how many questions they would like from 1-10. After those prompts
are entered questions will be displayed using rand(), the questions
must be multiple choice or division, aswell...

Number of years= 20
Number of months=240
Annual Percentage Rate=8.00%
Monthly interest rate=0.67%
Loan amount=$441,747
Fixed monthly repayment amount=$ 3,694.95
1. The borrower actually had to pay $250 more each month due to
hidden fees and charges. Calculate the implied nominal interest
rate compounded monthly, the borrower is actually charged on the
loan taking into account these charges
2. Total amount of interest paid in the 3rd year?
3. The total principle paid in the 4th year?
4. The amount...

After graduating from High School Peter works for four years.
During this time he deposits each month R 1000 on a savings account
at an annual interest rate of 5% (no initial deposit). The next
four years Peter spends on College. During this time he withdraws
each month an amount of R pw from his savings account so that at
the end of the four years the balance is zero again. Develop a
mathematical model then find pw and the...

2. Suppose you will receive $1,000 in 4 years. If your
opportunity cost is 6% annually, what is the present value of this
amount if interest is compounded every six months? (8 points) What
is the effective annual rate? (8 points) 3. Suppose you have
deposited $10,000 in your high-yield saving account today. The
savings account pays an annual interest rate of 4%, compounded
semi-annually. Two years from today you will withdraw R dollars.
You will continue to make additional...

Amortization Schedule Project
Program an Excel Spreadsheet to complete a Fixed Payment Loan
Amortization Schedule based on the 5 inputs (see 1a below). This
spreadsheet should work for any scenario chosen using the 5 inputs
below that does not exceed 360 periods. You may start with any 5
inputs as these will be changed multiple times during grading. All
cells with number format should have no decimal places. All cells
with accounting format should have 2 decimal places. All cells...

Part 2 (matlab)
Functions Many of you will have some form of a loan during your
lifetime, either a student loan, mortgage, credit card debt, or
other loan. If you never do have a loan, great! But you may have to
calculate a payment for someone else, such as the company you work
for. Such a loan will have a principal amount (called the present
value), an interest rate, and a number of periods for the loan. The
formula to...

What is the present value of $10,000 to be received 10
years from today, assuming a 6 percent annual interest (discount)
rate?
2. If you
deposit $3,000 in a bank account that pays 4 percent annual
interest, what would your account balance equal after 9
years?
3. To
settle a wrongful death case, a judge ordered the maker of a
defective product to pay the spouse of the deceased person $100,000
today, $150,000 four years from today, and $250,000 eight...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 2 hours ago

asked 2 hours ago

asked 2 hours ago

asked 3 hours ago

asked 3 hours ago

asked 3 hours ago

asked 3 hours ago

asked 3 hours ago