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(financial application: compound value) suppose you save $100 each month into a savings account with the annual interest rate 5%. thus, the monthly interest rate is 0.05/12 = 0.00417. after the first
(financial application: compound value) suppose you save $100 each month into a savings account with the annual interest rate 5%. thus, the monthly interest rate is 0.05/12 = 0.00417. after the first month, the value in the account becomes 100 * (1 + 0.00417) = 100.417 after the second month, the value in the account becomes (100 + 100.417) * (1 + 0.00417) = 201.252 after the third month, the value in the account becomes (100 + 201.252) * (1 + 0.00417) = 302.507 and so on. write a program that prompts the user to enter a monthly saving amount and displays the account value after the sixth month. (in exercise 5.30, you will use a loop to simplify the code and display the account value for any month.)
