Answer to Question #42087 in C++ for aboorh
Question #42087
Write a program to calculate Effective Period Rate (EPR) and (ER) Effective Rate:
Formula : Effective Period Rate = Nominal Annual Rate / n
Example:
What is the effective period interest rate for nominal annual interest rate of 5% compounded monthly?
Solution:
Effective Period Rate = 5% / 12 months = 0.05 / 12 = 0.4167%
Formula : Effective Rate = (1 + Nominal Rate / n)n – 1
Formula : Effective Period Rate = Nominal Annual Rate / n
Example:
What is the effective period interest rate for nominal annual interest rate of 5% compounded monthly?
Solution:
Effective Period Rate = 5% / 12 months = 0.05 / 12 = 0.4167%
Formula : Effective Rate = (1 + Nominal Rate / n)n – 1
Expert's answer
#include <iostream>
#include <conio.h>
using namespace std;
int main() {
double nr;
int n;
cout << "Enter nominal rate: ";
cin >> nr;
cout << "Enter n: ";
cin >> n;
nr*=0.01;
cout.precision(4);
cout << "Effective Period Rate = " << fixed << nr/n*100 << "%\n";
cout << "Effective Rate = " << fixed << ((1 + nr/n)*n-1)*100 << "%\n";
return 0;
}Need a fast expert's response?
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