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Category > Computer Science Posted 14 Sep 2017 My Price 9.00

initial investment

Programming in "C" language

Write a program that prints the accumulated value of an initial investment invested at a specified annual interest and compounded annually for a specified number of years. Annual compounding means that the entire annual interest is added at the end of a year to the invested amount. The new accumulated amount then earns interest, and so forth. If the accumulated amount at the start of a year is acc_amount, then at the end of one year the accumulated amount is:

acc_amount = acc_amount + acc_amount * annual_interest

Use a function that returns the accumulated value given the amount, interest, and years. The prototype is:

float calc_acc_amt(float acc_amount, float annual_interest, int years);

Modify the function in Problem above so that the interest may be compounded annually, monthly, or daily. Assume 365 days in the year. If interest is not to be compounded annually, the annual interest must be converted to monthly (i.e., interest / 12) or daily interest (i.e., interest / 365). The interest must then be compounded each year, each month, or each day as the case may be.

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Maurice Tutor
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Status NEW Posted 14 Sep 2017 10:09 PM My Price 9.00

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