CS$2010$ Program $2$: $10-$year income plan

Program Purpose

This program explores the use of branching in programs. It builds on knowledge of variables, constants, and

communicating with a user using the console. This programming assignment also assesses your understanding of the

file structure in the Visual Studio development environment.

Content Covered

Console input$/$output

Branches

File I$/$O

Functions

Variables$/$constants$/$assignments

Loops

Arrays

$$ Searching$/$sorting

Mandatory Instructions

You have just won the lottery. You are considering buying an annuity that will pay you a fixed

amount each period for the next $10$ years. You are considering being paid monthly, quarterly, or

annually. You are also considering different amounts to be paid.

You have talked to your bank, and they have offered the following interest rates on the money you are

using to buy the annuity.

They offer a $0\mathrm{.}12\%$ increase in the appropriate APR if the amount paid out annually is over $$125,000.$

You will need to calculate the amount to be given to the bank today to get the payments for the next $10$

years $($called the Present Value or PV$).$ This can be done using the formula:

$PV=C\frac{1-(1+i{)}^{-n}}{i}$

where:

$C=$ payment amount per period

$i=$ interest rate per period

$n=$ total number of payments

Input:

Your program will ask for the frequency $(M,Q,$A and the dollar amount paid each period.