Question
It is difficult to make a budget that spans several years, because prices are not stable. If your company needs 200 pencils per year. you
It is difficult to make a budget that spans several years, because prices are not stable. If your company needs 200 pencils per year. you cannot simply use this
year's price as the cost of pencils two years from now. Because of inflation the cost is likely to be higher than it is today. Write a program to gauge the expected
cost of an item in a specified number of years. The program ask for the cost of the item , the number of years from now that the item will be purchased, and the
rate of inflation. The program then outputs the estimated cost of the item after the specified period. Have the user inter the inflation rate as a percentage, such
as 5.6 (percent). Your program should then convert the percentage to a decimal fraction, such as as 0.056, and should use a loop to estimate the price adjusted
for inflation, (Hint: Use a loop.)
Make the following changes to the program.
1.Ask the user the name of the item to be used in the calculations. 2. Ask the user the current price of the item. 3. Ask the user for the number of years that they have to pay for the item. 4. Ask the user for the interest rate. 5. If the user does not make any payments, calculate what the item would cost when they pay for the item. The output should look like this: The (name of the item) costs (present cost) now. The (name of the item) will cost (future cost) in (number of years) years. Run the program with the following information. The item is a car. The present cost is $25,000. The number of years is 10. The interest rate is 8%. Please upload the .cpp file and the results of running the program.
Needs to be written in C++
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