You are required to create a C ++ program to calculate the amount that you need to deposit today to generate some amount for the next several years. For example, you want to deposit a certain amount of money into a savings account, and then leave it alone to draw interest for the next 10 years. At the end of 10 years, you would like to have RM10,000 in the account. How much do you need to deposit today to make that happen? You can use the following formula, which is known as the present value formula, to find out: F P = (1+ 100 • Pis the present value, or the amount that you need to deposit today. • Fis the future value that you want in the account. (In this case, F is RM10,000) • r is the annual interest rate. • n is the number of years that you plan to let the money sit in the account. (a) Identify the input, output and process required to solve this problem. (b) Write a function named presentValue that performs this calculation. The function should accept the future value, annual interest rate, and number of years as arguments. It should return the present value, which is the amount that you need to deposit today.

You are required to create a C ++ program to calculate the amount that you need to deposit today to generate some amount for the next several years. For example, you want to deposit a certain amount of money into a savings account, and then leave it alone to draw interest for the next 10 years. At the end of 10 years, you would like to have RM10,000 in the account. How much do you need to deposit today to make that happen? You can use the following formula, which is known as the present value formula, to find out: F P = (1+ 100 • Pis the present value, or the amount that you need to deposit today. • Fis the future value that you want in the account. (In this case, F is RM10,000) • r is the annual interest rate. • n is the number of years that you plan to let the money sit in the account. (a) Identify the input, output and process required to solve this problem. (b) Write a function named presentValue that performs this calculation. The function should accept the future value, annual interest rate, and number of years as arguments. It should return the present value, which is the amount that you need to deposit today.

Microsoft Visual C#

7th Edition

ISBN:9781337102100

Author:Joyce, Farrell.

Publisher:Joyce, Farrell.

Chapter2: Using Data

Section: Chapter Questions

Problem 4E: In this chapter, you learned that although a double and a decimal both hold floating-point numbers,...

See similar textbooks

Similar questions

This is a C++ programming question The code should be in C++ language When you borrow money to buy a house, a car, or for some other purposes, then you typically repay it by making periodic payments. Suppose that the loan amount is L, r is the interest rate per year, m is the number of payments in a year, and the loan is for t years. Suppose that i = (r / m) and r is in decimal. Then the periodic payment is: You can also calculate the unpaid loan balance after making certain payments. For example, the unpaid balance after making k payments is: where R is the periodic payment. (Note that if the payments are monthly, then m = 12.) Write a program that prompts the user to input the values of L, r, m, t, and k. The program then outputs the appropriate values. Your program must contain at least two functions, with appropriate parameters, to calculate the periodic payments and the unpaid balance after certain payments. Make the program menu driven and use a loop so that the user can repeat…
Need help with a C++ program Write a C++ program that helps a person determine how long they can hike for under various conditions on a given supply of water. Your program should prompt the user to enter how much water they can carry in liters. Then, for each of the following conditions, print out how many hours the user can hike for. - moderate temperature, moderate difficulty: 1/2 liter per hour- moderate temperature, high difficulty: 3/4 liter per hour- high temperature, moderate difficulty: 1 and 1/2 liters per hour- high temperature, high difficulty: 1 and 3/4 liters per hour SAMPLE OUTPUT Hello! Welcome to the Hiking Water Calculator!How many liters of water can you carry? 8 OK. Here is how long you can hike for on 8 liters of water under the following conditions: moderate temperature, moderate difficulty: 16 hoursmoderate temperature, high difficulty: 10.6666666 hourshigh temperature, moderate difficulty: 5.3333333 hourshigh temperature, high difficulty: 4.5714285 hours.…
Please write a c++ programming code that can work on codechum according to the instructions below. Meter Reader. We need to start saving money people! I've noticed that we've been spending more money on electricity than everything else combined. In order for us to keep track of our electricity usage, we need to calculate our monthly cost based on our meter readings. Cost: 0 to 100 kWh - P150.00 101 to 500 - P150.00 + 0.5 for each kWh over 100 over 500 - P350.00 + 0.3 for each kWh above 500 Input 1. Rate of energy consumption in kWh Output The first line will contain a message prompt to input the rate of energy consumption in kWh.The second line contains the total cost on electricity usage (in pesos). Enter·the·rate·of·consumption·(kWh):·324Total·cost·=·P262.00
Write a C program that calculates the price of a pizza and prints the receipt as follows: 1- Your program should first ask the user to enter the size of the pizza (integer value 1=large, 2=medium, 3=small) as well as the number of toppings (integer). 2- Your program should then read the pizza basic price (double) as well as the price of a topping ( float ) from the user. 3- Your program should then calculate the total price of the pizza using the following formula: Total price = ( basic price + number of toppings * topping price ) / size; And print a receipt which displays the details of your pizza order as well as the final total price to the screen
You are tasked with writing a c++ program that computes a slightly complex formula. The formula is given below: y = 1 + (nx/1) + (n(n-1)x^2/2) + (n(n-1)(n-2)x^3)/6 Write a c++ program that prompts the user to input the values for n and x. The program should then compute the value for y using the above formula and display it.Note: n can only take non-negative integer values, but x can take any real values. You MUST specify appropriate datatype for your variables, accordingly.
1) Write a c++ program that calculates the cost of 3 bags of fruit. The 4 possible fruits arepears which cost 1 dollar each, pomegranites which cost 2 dollars each, plumbs whichcost 3 dollars each, and bananas which cost 5 dollars each. Each bag can contain anynumber of different fruits with any quantity of each particular fruit. The program willprompt the user to enter a particular fruit by typing the name of the fruit: .‘pear’ forpears, ‘pomegranite” for pomegranites, ‘plumb’ for plumbs, and ‘banana” for bananas,and then prompt for the quantity of that fruit that will be placed in the bag. The programwill then continue to prompt the user in the same manner for more fruit to be placed inthe same bag until the user types the word ‘done’. This will then cause the program tohave the user enter the various quantities of fruit for the next bag. When the user hasentered the varieties of fruit in all 3 bags, the program will display the total cost of fruitper bag and the overall cost for all…
2 When you deposit money in a savings account at a bank, the bank pays you interest on that money. If the bank computes the interest and adds it to your account once every year, the bank compounds interest annually. If you deposit p dollars, the money in your account after n years at interest rate r is : p(1+r)n Create a WCF service for that question, write a C# program that asks the user for the initial amount, the interest rate and the number of years. and then displays the balance after that many years. Do not hard code any variable values. The client will be prompted for any required variable values.
Instructions In this chapter, you learned that although a double and a decimal both hold floating-point numbers, a double can hold a larger value. Write a C# program named DoubleDecimalTest that declares and displays two variables—a double and a decimal. Experiment by assigning the same constant value to each variable so that the assignment to the double is legal but the assignment to the decimal is not. In other words, when you leave the decimal assignment statement in the program, an error message should be generated that indicates the value is outside the range of the type decimal, but when you comment out the decimal assignment and its output statement, the program should compile correctly. Note: Leave the decimal assignment statement in the program on final submission to receive full credit.
You have to write a program in C++ that Mr. Ali has invested an amount of Rs101, 876 in a Bank scheme. Bank credits profit of 7% each year, and charge a bank fee of Rs 100 per month. What will be you amount at the end of 7th year?
Martin wants to create a program in c++ that requires the user to input 10 integers then print the total number of even integers, highest even integer, lowest even integer, total number of odd integers, highest odd integer, and lowest odd integer. If, however, the user inputs zero (0), the program will display “You have not yet entered 10 integers.”.
(Data processing) Years that are evenly divisible by 400 or are evenly divisible by 4 but not by 100 are leap years. For example, because 1600 is evenly divisible by 400, 1600 was a leap year. Similarly, because 1988 is evenly divisible by 4 but not by 100, it was also a leap year. Using this information, write a C++ program that accepts the year as user input, determines whether the year is a leap year, and displays a message telling the user whether the entered year is or is not a leap year.
In C++ Write a program that can be used to calculate the federal tax. The tax is calculated as follows: For single people, the standard exemption is $4,000; for married people, the standard exemption is $7,000. A person can also put up to 6% of his or her gross income in a pension plan. The tax rates are as follows: If the taxable income is: Between $0 and $15,000, the tax rate is 15%.Between $15,001 and $40,000, the tax is $2,250 plus 25% of the taxable income over $15,000.Over $40,000, the tax is $8,460 plus 35% of the taxable income over $40,000. Prompt the user to enter the following information:Marital statusIf the marital status is “married,” ask for the number of children under the age of 14Gross salary (If the marital status is “married” and both spouses have income, enter the combined salary.)Percentage of gross income contributed to a pension fund Your program must consist of at least the following functions:Function getData: This function asks the user to enter the…