Question
In C++ Please! National Debt. One thing that should worry anyone is financial debt. If youre like most others, you have credit card debt, student
In C++ Please!
National Debt. One thing that should worry anyone is financial debt. If youre like most others, you have credit card debt, student loans and so on. Our nation has similar debts, including debt to its citizens (e.g. bonds), debt to social programs, and debt to other nations. If youd like to see where we stand, check out https://www.usdebtclock.org/. If youd like to see how we compare to other nations, check out the World Debt Clocks in the upper-left corner. How do these debt clocks work? Its exceptionally complicated, but a lot of national debt comes from issuing Treasure Notes (e.g a 10-year Treasury Note) that currently yield 3.6% interest. Your task is to write a program that prompts the user for a national debt (expressed in billions of dollars), the interest rate, and calculate how much debt is generated per year (assuming no debt is paid off by the GDP) over a 10-year period. For example, if a country currently has 1,000 billion (i.e. a trillion) dollars of debt, it will generate 36 billion dollars of additional debt in a year. The next year, the debt of 1036 billion would generate 37.296 billion additional dollars of debt, totaling 1073.296 dollars of debt.
Sample run 1:
Enter the starting debt in billions: $1000
Enter the interest rate: 3.6
***** Year 1 *****
Debt generated this year is $36.0
Accumulated debt from interest is now $36.0
Total debt is now $1036.0 billion dollars
***** Year 2 *****
Debt generated this year is $37.295998
Accumulated debt from interest is now $73.296
Total debt is now $1073.296 billion dollars
***** Year 3 *****
Debt generated this year is $38.638657
Accumulated debt from interest is now $111.934654
Total debt is now $1111.9347 billion dollars
***** Year 4 *****
Debt generated this year is $40.029648
Accumulated debt from interest is now $151.9643
Total debt is now $1151.9644 billion dollars
***** Year 5 *****
Debt generated this year is $41.470715
Accumulated debt from interest is now $193.43501
Total debt is now $1193.435 billion dollars
***** Year 6 *****
Debt generated this year is $42.96366
Accumulated debt from interest is now $236.39868
Total debt is now $1236.3987 billion dollars
***** Year 7 *****
Debt generated this year is $44.51035
Accumulated debt from interest is now $280.90903
Total debt is now $1280.909 billion dollars
***** Year 8 *****
Debt generated this year is $46.112724
Accumulated debt from interest is now $327.02176
Total debt is now $1327.0217 billion dollars
***** Year 9 *****
Debt generated this year is $47.77278
Accumulated debt from interest is now $374.79456
Total debt is now $1374.7946 billion dollars
***** Year 10 *****
Debt generated this year is $49.492603
Accumulated debt from interest is now $424.28717
Total debt is now $1424.2871 billion dollars
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