A person inherits a large amount of money. The person wants to invest it. He also has
Question:
A person inherits a large amount of money. The person wants to invest it. He also has to withdraw it annually. How many years will it take him/her to spend all of the investment that earns at a 7% annual interest rate ? Note that he/she needs to withdraw $40,000.00 a year. Also there is an inflation rate that must be considered in a calculation. Create a C# project that allows the user to enter an inherited amount. If it is not entered, the program will display an error message. There must be two options on the form for the user to select an inflation rate percentage: Option 1 : 3% inflation rate Option 2 : 4% inflation rate Here are additional conditions:
1.If the inherited amount is less than or equal to $40,000.0 , the message “You will need it this year. No investment needed.”. Otherwise, a calculation will be performed.
2.When the form is loaded, a relevant picture is loaded to the top left of the form with a welcome message “Welcome to Inheritance calculator”. Any picture would be fine actually.
3.After the user selects an inflation rate and enter an inherited amount and a calculate button is clicked, then a list of details in the following format will be displayed:
You have chosen a inflation rate. Your investment starts at $ and earn 7% a year. You withdraw $40,000 a year.
It takes you years to spend all of your inheritance.
Must use -Buttons, (Radio Buttons or Check Boxes; you must make a good decision which to use), List Box, Textboxes, labels, PictureBoxes, and GroupBoxes. program must also
The program runs without errors. The program generates the desired output. The program validates user’s input. The program contains named constants. The program uses at least one loop. The program uses conditions. The program uses appropriate variables and data types. The program is easy to read (indentation). The program contains a form with controls required.
Expert Answer:
Short Summary It completely my work no plagiarism Downloaded a image from internet and add as logo here Declared class level constants for all fixed values If there is any chance just adjust the const... View the full answer
