Difference between revisions of "Directory:Derek Elder/Programs/Interest Calculator"
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Latest revision as of 22:48, 1 November 2007
#include <iostream>
#include <cmath>
using namespace std;
void main()
{
float deposit = 0.0;
float rate = 0.0;
float compound = 0.0;
float years = 0.0;
cout<<"Enter the initial deposit: ";
cin>>deposit;
cout<<"Enter the annual interest rate percent: ";
cin>>rate;
cout<<"Enter the number of times the compounding is done per year: ";
cin>>compound;
cout<<"Enter the number of years the deposit will be left to build interest: ";
cin>>years;
//(rate/100) Takes the rate and converts it from a percent to a fraction
float accum = (1+((rate/100)/compound));
float exponent = years*compound;
cout<<"The accumulation after "<<years<<" years is: "<<deposit*pow(accum,exponent)<<endl;
}