*5.31  (Financial application: compute CD value) Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%....

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  1. *5.31  (Financial application: compute CD value) Suppose you put $10,000 into a CD with an annual percentage yield of 5.75%. After one month, the CD is worth

                        10000 + 10000 * 5.75 / 1200 = 10047.92
    

    After two months, the CD is worth

                     10047.91 + 10047.91 * 5.75 / 1200 = 10096.06
    

    After three months, the CD is worth

                     10096.06 + 10096.06 * 5.75 / 1200 = 10144.44
    

    and so on.

    Write a program that prompts the user to enter an amount (e.g., 10000), the annual percentage yield (e.g., 5.75), and the number of months (e.g., 18) and displays a table as shown in the sample run. 

     

     

     


    Enter the initial deposit amount: 10000
    Enter annual percentage yield: 5.75
    Enter maturity period (number of months): 18
    
    Month  CD Value
    
    1. 1  10047.92

    2. 2  10096.06

    ...

    1. 17  10846.57

    2. 18  10898.54 

    • 12 years ago
    • 10
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