Open notes and open book. Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula is as follows: f = p * (1 + i)^t • f is the future value of the account after the specified time period. • p is the present value of the account. • i is the monthly interest rate. • t is the number of months. Write a program that takes the account's present value, monthly interest rate, and the number of months that the money will be left in the account as three inputs from the user. The program should pass these values to a function that returns the future value of the account after the specified number of months. the program should print the account's future value.

Open notes and open book. Suppose you have a certain amount of money in a savings account that earns compound monthly interest, and you want to calculate the amount that you will have after a specific number of months. The formula is as follows: f = p * (1 + i)^t • f is the future value of the account after the specified time period. • p is the present value of the account. • i is the monthly interest rate. • t is the number of months. Write a program that takes the account's present value, monthly interest rate, and the number of months that the money will be left in the account as three inputs from the user. The program should pass these values to a function that returns the future value of the account after the specified number of months. the program should print the account's future value.

C++ Programming: From Problem Analysis to Program Design

8th Edition

ISBN:9781337102087

Author:D. S. Malik

Publisher:D. S. Malik

Chapter5: Control Structures Ii (repetition)

Section: Chapter Questions

Problem 20PE: When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making...

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Many companies use telephone numbers like 555-GET-FOOD so the number is easier for their customers to remember. On a standard telephone, the alphabetic letters are mapped to numbers in the following fashion:A, B, and C = 2D, E, and F = 3G, H, and I = 4J, K, and L = 5M, N, and O = 6P, Q, R, and S = 7T, U, and V = 8W, X, Y, and Z = 9Create an application that lets the user enter a 10-character telephone number in the format XXX-XXX-XXXX. The application should display the telephone number with any alphabetic characters that appeared in the original translated to their numeric equivalent. For example, if the user enters 555-GET-FOOD, the application should display 555-438-3663.
When you use a mortgage to purchase a home, the lending institution effectively owns the home. You buy back part ownership in the home with each monthly payment. The part you have bought back is your equity in the home. If the mortgage amount is P dollars, the monthly interest rate is r as a decimal, and the term of the mortgage is t months, then your equity after k payments is E(k) = P((1 + r)k − 1) (1 + r)t − 1 dollars. In this exercise, assume that the mortgage amount is $200,000, the APR is 6% so r = .06/12 and the term of the loan is 30 years (360 months). (a) Find a formula for the equity. (b) Make a graph of the equity over 360 months, the term of the loan. (c) Does the graph show that you have half-ownership in the home halfway through the term of the mortgage? Halfway through the term of the mortgage corresponds to k1 = _______ payments. From the graph, we see that E(k1) is ________ half of the mortgage amount, so we _______ have half-ownership in the home…
Many companies use telephone numbers like 555-GET-FOOD so the number is easier for their customers to remember. On a standard telephone, the alphabetic letters are mapped to numbers in the following fashion: A, B, and C 2 D, E, and F 3 G, H, and I 4 J, K, and L 5 M, N, and O 6 P, Q, R, and S 7 T, U, and V 8 W, X, Y, and Z 9 Write a program that asks the user to enter a 10-character telephone number in the format XXX-XXX-XXXX. The application should display the telephone number with any alphabetic characters that appeared in the original translated to their numeric equivalent. For example, if the user enters 555-GET-FOOD the application should display 555-438-3663. Gaddis Tony. Starting Out with Python (2-downloads) (p. 367). Pearson Education. Kindle Edition.
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