Multiplying the current balance

Reference no: EM13907068

You are required to develop a computer program to calculate and display output of the interest-bearing investment. This investment is all interest bearing and compounded quarterly (the interest calculated and added back to the balance four times a year), that extends for three years.

The program will allow users to input the rate for the investment and show to the users how that investment would progress over three years.

The output should be in a table showing the investment's history - starting amount, interest and ending amount - for each quarter of each year. It should also show the total interest earned in each year as well as over the three years.

The input will consist of an interest rate to be analysed. Anything less than 5 percent or greater than 20 percent will be deemed an unreasonable rate and should be rejected.

The interest is calculated by multiplying the current balance, rate and time period which is one quarter of a year as in this case. A new balance is calculated by adding that interest.

Reference no: EM13907068

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