Question
C++ Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you wat to calculate the amount
C++
Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you wat to calculate the amount that you will have after a specific number of months. The formula, which is known as the future value formula is The terms in the formula are as follows:
FV is the future value of the account after the specified time PV is the present value of the account I is the monthly interest rate N is the number of months
Write a program that prompts the user to enter the accounts present value, monthly interest rate, and the number of months that the money will be left in the account. The program should pass these values to a function named futureValue that returns the future value of the account, after the specified number of months, this program should display the accounts future value.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started