I need help with creating this program in C++. It's a basic savings account program. We have to use the formulas for simple interest: A=P(1+TR), compound interest: A=P[1+R/N]^NT, and continuously compounded interest: A = Pe^RT = P(1+TR(eff) (e^RT-1)/T = R(eff). Where P=Principal (starting balance), A=Final Balance, R=Simple interest rate, N=number of times compounded per year, and T=number of years invested. We have to use simple commands; no global constants. And i know we have to use "double" data type for all variables. Any info would help, i just can't figure out even where to start??? Here's what the output is supposed to look like:

Input the starting balance: 1000 <----(this is what you enter)

1000

Input the interest rate (Ex: 5 for 5%): 5 <----(enter)

5

Input the number of years: 10 <-----(enter)

10

(the rest pops up automatically)

For a principal of $1000.00 at an interest rate of 5.00% for a period of 10.00 years, the final account balance would beSimple Interest:

Balance = $1500.00Compounded Monthly:

Balance = $1647.01

The effective simple interest rate: 6.47%

Balance using simple interest at the effective rate = $1647.01Compounded Daily:

Balance = $1648.66

The effective simple interest rate: 6.49%

Balance using simple interest at the effective rate = $1648.66Compounded Continuously:

Balance = $1648.72

The effective simple interest rate: 6.49%

Balance using simple interest at the effective rate = $1648.72

We will not do your homework for you. Post what code you have & we'll help.

i just can't figure out even where to start???Create the inputs first, get it to print out just the numbers you've typed in, after, put in the formulas one at a time.

Ask Your Question

Weekly Poll

Do you think Monopoly should update its pieces?

Discuss in The Lounge

Poll History