The annual rate of inﬂation is the rate at which money loses its value. For example, if the annual rate of inﬂation is 3.0%, then in one year it will cost $1030 to buy the goods that could have been purchased for $1000 today. Put another way, a year from now $1000 will only buy 1/1.03 * $1000, or $970.87, worth of goods. Two years from now $1000 will only buy only 1/1.03 of $970.87, or $942.59 worth of goods. Write a program that allows the user to enter an annual rate of inﬂation between 1% and 15%, and which then reports how much $1000 today will be worth each year for the next 10 years.

The annual rate of inﬂation is the rate at which money loses its value. For example, if the annual rate of inﬂation is 3.0%, then in one year it will cost $1030 to buy the goods that could have been purchased for $1000 today. Put another way, a year from now $1000 will only buy 1/1.03 * $1000, or $970.87, worth of goods. Two years from now $1000 will only buy only 1/1.03 of $970.87, or $942.59 worth of goods. Write a program that allows the user to enter an annual rate of inﬂation between 1% and 15%, and which then reports how much $1000 today will be worth each year for the next 10 years.

C++ for Engineers and Scientists

4th Edition

ISBN:9781133187844

Author:Bronson, Gary J.

Publisher:Bronson, Gary J.

Chapter4: Selection Structures

Section: Chapter Questions

Problem 14PP

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