NOTE: must be C++ in Microsoft Visual Studio

NOTE: only include screenshots of code in MSVS

Compute and output compound interest on $1000.00 for 10 years at interest rates of 5%, 6%, 7%, 8%, 9% and 10%

This is an exercise in creating nested loops. You must have an inner loop that calculates compound interest via

For 1 to 10 amt = rate*amt + amt;

You should have an outer loop that iterates the rate from 0.05 to 1.0.

Interest on $1000.00 over 10 years

rate total

0.05 $1628.89

0.06 $1790.85

0.07 $1967.15

0.08 $2158.92

0.09 $2367.36

0.1 $2593.74

Press any key to continue . . .