Question: Section D. Programming and implementation (20 points for 2 ques points per question). 1.Savings tions, 10 state an interest rate and a compounding period.If the
Section D. Programming and implementation (20 points for 2 ques points per question). 1.Savings tions, 10 state an interest rate and a compounding period.If the amourt deposited the stated interest rate is r, and interest is compounded m times per year, then the stance, i' S1000 is deposbedns s accounts balance in the account after one year is P.(1 +y. For in interest compounded quarterly (that is 4 times per year), then the balance after one year is 1000 1.0075 -$1,03034 Interest rates with different compounding periods cannot be concept of APY (annual percentage yield) must be used to make the a stated interest rate r compounded m times per year is defined by APY = (1 +pm-1 (The APY is the simple interest rate that yields the same amount of interest after one year as the compounded annual rate of interest) Write a program to compare interest rates offered by two different banks and determine the most favourable interest rate. Hint : given the following interface, use If-Elself.. End If to write your cade inside the ComputeButton' s click event sub procedure so that when the application users type two values of r in textbox1 and textbox2 respectively, and two values of m in textbox3 and textbox4 respectively, and click the button, the corresponding APY will be shown in textbax5 and textbox6, and the best bank will be displayed in the textbox7
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