Buying A Computer Case Programming 9 Chapter 6 Page 472 Shelly Cashman Series VB 2010 Express

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Product Description

Buying A Computer

The newest gaming computer costs $5000 for 31-inch screen, two 1 TB hard drives, a metallic case, and a blazing fast processor.Ten years ago, your grandmother gave you $2500. The money has been in a savings CD that earns compound interest of 7.5% per year.Write a Windows application that allows you to enter the amount in savings, the interest rate, and the number of years. Display a ListBox object with each year and the amount the entire account is worth at the end of that year. Determine whether you have saved enough money for the gaming computer.Non-numeric and negative values should not be accepted. Debug, and then publish the application.

Hint: The formula for compound interest for one year is:
Amount 5 Principal * (1 1 Rate). For 10 years of compound interest, this formula should be executed 10 times with the principal increasing to the new amount each year.