Consider the formula for computing the future value of money: Future Value = Investment * (1 + I)^n I = interest rate expressed as a fractional amount per compounding periods (5% would be expressed as .05) n = number of compounding periods (typically monthly or yearly) a. Create a function file called "future_value" with three inputs: investment, interest rate, number of compounding periods. ( see the sample function file with multiple inputs in the overview page) b. In your main program, use this function to calculate the value of a $500 investment in 4 years, with a monthly compounding interest rate of .75%.

Consider the formula for computing the future value of money: Future Value = Investment * (1 + I)^n I = interest rate expressed as a fractional amount per compounding periods (5% would be expressed as .05) n = number of compounding periods (typically monthly or yearly) a. Create a function file called "future_value" with three inputs: investment, interest rate, number of compounding periods. ( see the sample function file with multiple inputs in the overview page) b. In your main program, use this function to calculate the value of a $500 investment in 4 years, with a monthly compounding interest rate of .75%.

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter6: Modularity Using Functions

Section: Chapter Questions

Problem 7PP: (Numerical) Heron’s formula for the area, A, of a triangle with sides of length a, b, and c is...

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