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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
Can you write the code out this time. I need it for a class website.
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Ask the user for an amount to save each month. Assuming a 1% per month interest rate, how many MONTHS will it take the user to save $1000. Add the savings at the END of each month. For example:
How much do you want to save each month? 100 Month 1: $0 deposited 100 interest earned is 1 Month 2: $101 deposited 100 interest earned is 2.01 Month 3: $203.01 deposited 100 interest earned is 3.0301 Month 4: $306.04 deposited 100 interest earned is 4.0604 Month 5: $410.101 deposited 100 interest earned is 5.10101 Month 6: $515.202 deposited 100 interest earned is 6.15202 Month 7: $621.354 deposited 100 interest earned is 7.21354 Month 8: $728.567 deposited 100 interest earned is 8.28567 Month 9: $836.853 deposited 100 interest earned is 9.36853 Month 10: $946.221 deposited 100 interest earned is 10.4622 It took 10 months, and you now have $1056.68