Language | C |

Description | It computes the expected amount in The Credit Union And Bank. Where I is the interest rate, N is the number of years, and P is the Principal. Mr. Ojo wants to deposit =N= 1,500 at a savings institution. He considers a bank and a credit union. The credit union requires a non-refundable membership fee of =N=15. Deposits earn interest of 12.25 percent at the credit union and 11.75 percent in the bank. Mr. Ojo will need the money in 2 and half years. We wish to determine which institution that Mr. Ojo should use. |

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#include <stdio.h>

#include <stdlib.h>

#include <math.h>

int main (void)

{

float I_bank, I_the_credit_union, N, P, expected_amount_on_bank;

float expected_amount_on_the_credit_union, membership_fee;

N=2.5;

P=1500;

I_the_credit_union=0.1225;

I_bank=0.1175;

membership_fee=15;

expected_amount_on_the_credit_union=(P-membership_fee)*pow(1.0+I_the_credit_union,N);

expected_amount_on_bank=P*pow(1.0+I_bank,N);

if(expected_amount_on_the_credit_union>expected_amount_on_bank)

printf ("Mr. Ojo should save his money in The Credit Union.\n");

else

printf ("Mr. Ojo should save his money in Bank.\n");

printf ("Value of I bank: %g\n", I_bank);

printf ("Value of I the credit union: %g\n", I_the_credit_union);

printf ("Value of N: %g\n", N);

printf ("Value of P: %g\n", P);

printf ("Value of expected amount on bank: %g\n", expected_amount_on_bank);

printf ("Value of expected amount on the credit union: %g\n", expected_amount_on_the_credit_union);

printf ("Value of membership fee: %g\n", membership_fee);

putchar ('\n');

system ("pause");

return EXIT_SUCCESS;

}

#include <stdlib.h>

#include <math.h>

int main (void)

{

float I_bank, I_the_credit_union, N, P, expected_amount_on_bank;

float expected_amount_on_the_credit_union, membership_fee;

N=2.5;

P=1500;

I_the_credit_union=0.1225;

I_bank=0.1175;

membership_fee=15;

expected_amount_on_the_credit_union=(P-membership_fee)*pow(1.0+I_the_credit_union,N);

expected_amount_on_bank=P*pow(1.0+I_bank,N);

if(expected_amount_on_the_credit_union>expected_amount_on_bank)

printf ("Mr. Ojo should save his money in The Credit Union.\n");

else

printf ("Mr. Ojo should save his money in Bank.\n");

printf ("Value of I bank: %g\n", I_bank);

printf ("Value of I the credit union: %g\n", I_the_credit_union);

printf ("Value of N: %g\n", N);

printf ("Value of P: %g\n", P);

printf ("Value of expected amount on bank: %g\n", expected_amount_on_bank);

printf ("Value of expected amount on the credit union: %g\n", expected_amount_on_the_credit_union);

printf ("Value of membership fee: %g\n", membership_fee);

putchar ('\n');

system ("pause");

return EXIT_SUCCESS;

}