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*5.31 (Financial application: compute CD value) Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%....

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*5.31 (Financial application: compute CD value) Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth 10000 + 10000 * 5.75 / 1200 = 10047.92;After two months, the CD is worth 10047.91 + 10047.91 * 5.75 / 1200 = 10096.06;After three months, the CD is worth 10096.06 + 10096.06 * 5.75 / 1200 = 10144.44;and so on.;Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18) and displays a table as shown in the sample run.;Enter the initial deposit amount: 10000;Enter annual percentage yield: 5.75;Enter maturity period (number of months): 18;Month CD Value;1 10047.92;2 10096.06...;17 10846.57;18 10898.54

 

Paper#64870 | Written in 18-Jul-2015

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