Question: my question is about problem 2.21. i need help trying to solve it Write a program that reads in investment amount, annual interest rate, and

 my question is about problem 2.21. i need help trying to

my question is about problem 2.21. i need help trying to solve it

Write a program that reads in investment amount, annual interest rate, and number of years, and displays the future investment value using the following formula: futureInvestmentValue = investmentAmount times (1 + monthlyInterestRate)^numberOfYears*12 For example, if you enter amount 1000. Annual interest rate 3.25%, and number of years 1, the future investment value is 1032.98. Here is a sample run: Enter investment amount: 1000 Enter annual interest rate in percentage: 4.25 Enter number of years: 1 Accumulated value is $1043.34

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!