7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a certain amount of money into a savings account with a fixed annual interest rate. Write a program that prompts the üser to enter the final account value, the annual interest rate in percent, and the number of years, and then displays the initial deposit amount. The initial deposit amount can be obtained using the following formula: finalAccountValue (1+monthlyInterestRate)' initialDepositAmount = numberOfMonths Here is a sample run: Enter final account value: 1000 Enter annual interest rate in percent: 4.25

C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter5: Repetition Statements
Section5.7: Do While Loops
Problem 3E: (Misc. application) a. Write a program to reverse the digits of a positive integer number. For...
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C++ programming

7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a
certain amount of money into a savings account with a fixed annual interest rate. Write a
program that prompts the üser to enter the final accoünt value, the annual interest rate in
percent, and the number of years, and then displays the initial deposit amount. The initial
deposit amount can be obtained using the following formula:
finalAccountValue
(1+monthlyInterestRate)"
initialDepositAmount
numberOfMonths
Here is a sample run:
<output>
Enter final account value: 1000 <Enter icon>
Enter annual interest rate in percent: 4.25 <Enter icon>
Transcribed Image Text:7. (Medium) (Financial application: initial deposit amount) Suppose you want to deposit a certain amount of money into a savings account with a fixed annual interest rate. Write a program that prompts the üser to enter the final accoünt value, the annual interest rate in percent, and the number of years, and then displays the initial deposit amount. The initial deposit amount can be obtained using the following formula: finalAccountValue (1+monthlyInterestRate)" initialDepositAmount numberOfMonths Here is a sample run: <output> Enter final account value: 1000 <Enter icon> Enter annual interest rate in percent: 4.25 <Enter icon>
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