value) Suppose you save $100 each month into a savings account with an annual interest rate of 5%. Therefore, the monthly interest rate is 0.05/12=0.00417. After the first month, the value in the...


value) Suppose you save $100 each month into a savings account with an annual interest rate of 5%. Therefore, the monthly interest rate is 0.05/12=0.00417.  After the first month, the value in the account becomes




100 * (1 + 0.00417) = 100.417




After the second month, the value in the account becomes




(100 + 100.417) * (1 + 0.00417) = 201.252




After the third month, the value in the account becomes




(100 + 201.252) * (1 + 0.00417) = 302.507




and so on.
Write a program that prompts the user to enter a monthly saving amount and displays the account value after the sixth month. Here is a sample run of the program:



Jun 09, 2022
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