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bank account, you open a portfolio and invest the money. For simplicity, assume that the annual return is 9% and the principal investment is $5000.
bank account, you open a portfolio and invest the money. For simplicity, assume that the annual return is 9% and the principal investment is $5000. Write a pseudocode and a C++ program that prompts the user to enter a monthly contribution amount and number of years and then displays the portfolio value. Enter the monthly contribution amount : 100 Enter the number of years: 10 After 10 years, the portfolio value is $31608.21 This problem uses the compound interest formula: A = P(1 + 3nt where A is final amount, P is initial principal balance, ris annual interest rate, nis number of times interest applied per time period t, and t is number of time periods elapsed. This problem will also use the future value of a series formula: PMT * * ) where PMT is the monthly investment, r is annual interest rate, n is number of times interest applied per time period t, and t is number of time periods elapsed
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