66 994
Assignments Done
99,2%
Successfully Done
In November 2018

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 – 1
Expert's answer
#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;
}

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions