Question
Overview Write a C++ program that will act as a compound interest calculator. It will calculate the future value of an account after a 4
Overview
Write a C++ program that will act as a compound interest calculator. It will calculate the future value of an account after a 4 year period with a fixed interest rate.
The program should begin by asking/prompting the user for the initial investment amount for the account and the annual interest rate. Both of these values are double/float values and they should be stored in separate double/float variables that have meaningful names.
After the initial investment amount and annual interet rate have been entered, use the two values to calculate the future value of the account. Use the following formulas:
Value for year 1 = inital investment amount + (initial investment amount * annual interest rate / 100) Value for year 2 = Value for year 1 + (Value for year 1 * annual interest rate / 100) Value for year 3 = Value for year 2 + (Value for year 2 * annual interest rate / 100) Value for year 4 = Value for year 3 + (Value for year 3 * annual interest rate / 100) Future value of the account = Value for year 4
The "value for year"s listed in the formulas are also double/float values.
Once the future value of the account has been calculated, display the initial investment amount, annual interest rate, and future value of the account in a nicely formatted manner with the first digit of each number aligned. The sample output can be used as a pattern for how the output should look.
Program Requirements
#include#include using namespace std;
Include the following lines of code BELOW the documentation box:
Use type float or double for the values read in from the user and the calculated values. Use meaningful variable names.
It is okay to assume that the annual interest rate will be entered as a percentage. For example, if the annual interest rate is 5%, the user will enter 5 or 5.0.
Sample Output:
A couple of runs of the program might resemble the following:
Run 1:
Enter an amount to invest: 5000 Enter an annual interest rate: 6.2 ************************************** Investment Result ************************************** Initial Amount: 5000 Interest Rate: 6.2 Final Value: 6360.16
Run 2:
Enter an amount to invest: 1200.25 Enter an annual interest rate: 4 ************************************** Investment Result ************************************** Initial Amount: 1200.25 Interest Rate: 4 Final Value: 1404.12
NOTE: The numbers displayed will vary with the user's input. All of the other text and asterisks are to be hard
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