Answer to Question #42136 in C++ for meme

Question #42136
Write a program in ( c++) 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 &ndash; 1
#include <iostream>
using namespace std;
int main() {
double nominal_rate;
int number_of_months;
cout << "Enter nominal rate: ";
cin >> nominal_rate;
cout << "Enter number of months: ";
cin >> number_of_months;
nominal_rate*=0.01;
cout.precision(4);
cout << "Effective Period Rate = " << fixed << nominal_rate/number_of_months*100 << "%\n";
cout << "Effective Rate = " << fixed << ((1 + nominal_rate/number_of_months)*number_of_months-1)*100 << "%\n";
return 0;
}

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