Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 14 Sep 2017 My Price 6.00

compound value)

**2.13  (Financial application: compound value) Suppose you save $100 each  month into a savings account with the annual interest rate 5%. Thus, the monthly inter- est rate is 0.05/12 = 0.00417. After the first month, the value in the account becomes

 

100 * (1 + 0.00417) = 100.417

 

After the second month, the value in the account becomes

 

(100 + 100.417) * (1 + 0.00417) = 201.252

 

After the third month, the value in the account becomes

 

(100 + 201.252) * (1 + 0.00417) = 302.507

 

and so on.

Write a program that prompts the user to enter a monthly saving amount and displays the account value after the sixth month. (In Exercise 5.30, you will use a loop to simplify the code and display the account value for any month.)

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Maurice Tutor
(5)
Status NEW Posted 14 Sep 2017 12:09 PM My Price 6.00

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