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September 22, 2014

Homework Help: Visual Basic 2008 Programming

Posted by Lee on Tuesday, November 16, 2010 at 10:57pm.

Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops.

- When $1000 is deposited at 5 percent simple interest, the amount grows by $50 each year. When money is invented at 5 percent compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of that year. Write a program to display the amounts for 10 years for a $1000 deposit at 5 percent simple and compound interest. The first few lines displayed in the list box should appear as in Figure 6.8

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Amount Amount
Simple Compound
Year Interest Interest
1 $1,050.00 $1,050.00
2 $1,100.00 $1,102.50
3 $1,150.00 $1,157.63

Figure 6.8 Growth of $1000 at simple and compound interest.
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