The First National Bank of Parkville recently opened up a new So You Want to Be a
Question:
The First National Bank of Parkville recently opened up a new “So You Want to Be a Millionaire” savings account. The new account works as follows:
· The bank doubles the customer’s balance every year until the customer’s balance reaches one million.
· The customer isn’t allowed to touch the money (no deposits or withdrawals) until the customer’s balance reaches one million.
· If the customer dies before becoming a millionaire, the bank keeps the customer’s balance.
· Note: Customers close to $1,000,000 tend to get “accidentally” run over in the bank’s parking lot.
Write a program that prompts the user for a starting balance and then prints the number of years it takes to reach $100,000 and also the number of years it takes to reach $1,000,000.
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins