Database System Concepts
Database System Concepts
7th Edition
ISBN: 9780078022159
Author: Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher: McGraw-Hill Education
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Solve the problem in C++

(Financial application: compute the future investment value)

Write a function that computes future investment value at a given interest rate for a specified number of years. The future investment is determined using the formula in Programming Exercise 2.23.

Use the following function header:

double futureInvestmentValue(

double investmentAmount, double monthlyInterestRate, int years)

For example,

futureInvestmentValue(10000, 0.05/12, 5) returns 12833.59.

Write a test program that prompts the user to enter the investment amount (e.g., 1000) and the interest rate (e.g., 9%) and prints a table that displays future value for the years from 1 to 30, as shown below:

 

The amount invested: 1000

Annual interest rate: 9

Years Future Value

1 1093.80

2 1196.41

...

29 13467.25

30 14730.57

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