Computers and Technology

Assume that, you have deposited $5000 into a CD [Certificate of Deposit] account and that the account allows one withdrawal of $725 fixed amount per month without a withdrawal penalty. The interest rate on the CD is 3% annually compounded monthly. How many months will the CD balance contains less than $725 and what will that amount be? Part A. Do manual calculations and show the amount of withdrawn and the resulting balance on the CD every month until the CD balance shows amount of less than $725. Hint: assume, withdraw will occur after interest is already added into the account. Your hands-on calculations should generate a table similar showing:
Month Withdrawn amount Resulting Balance [show calculations not just the balance amount]

Part B. Now, write a program using a while loop to solve this problem. Your program must produce same outputs shown by your hands-on calculations. Java Please

answer
Answers: 3

Other questions on the subject: Computers and Technology

image
Computers and Technology, 22.06.2019 19:40, rakanmadi87
Solve the following javafx application: write a javafx application that analyzes a word. the user would type the word in a text field, and the application provides three buttons for the following: - one button, when clicked, displays the length of the word.- another button, when clicked, displays the number of vowels in the word.- another button, when clicked, displays the number of uppercase letters in the word(use the gridpane or hbox and vbox to organize the gui controls).
Answers: 1
image
Computers and Technology, 24.06.2019 07:40, daebreonnakelly
What type of multimedia are live news feeds? live news feeds are examples of multimedia.
Answers: 2
image
Computers and Technology, 24.06.2019 11:30, AnwarWeirdLol8811
Why is body language an important factor in a business meeting
Answers: 1
image
Computers and Technology, 24.06.2019 17:40, michaelandtammytrice
Create a file called favorite_foods, and list your favorite foods, entering five or six or more. press enter after each favorite food so it appears on its own line (make certain you also press enter after the final food item). after the file is created, add two more foods you like that are not on the list (press enter after the final food item). view the list of foods to make certain the two items you added appear at the end of the list
Answers: 2
Do you know the correct answer?
Assume that, you have deposited $5000 into a CD [Certificate of Deposit] account and that the accoun...

Questions in other subjects:

Konu
Mathematics, 25.01.2021 09:40
Konu
Mathematics, 25.01.2021 09:40