Lab Exp 3 SENO
Lab Exp 3 SENO
Lab Exp 3 SENO
CCS0023L
(Object Oriented Programming)
EXERCISE
3
Using Different Flow Controls
Student Name / Group Jandell M. Seno
Name:
Name Role
TW22
Section:
Professor: Prof. Joseph Calleja
I. PROGRAM OUTCOME/S (PO) ADRESSED BY THE LABORATORY EXERCISE
a. Apply knowledge of computing appropriate to the discipline.
V. EXPERIMENTAL PROCEDURE:
1. Write a program that takes as input a bank account balance and an interest rate and
outputs the value of the account in 10 years. the output should show the value of the
account for three different methods of compounding interest: annually, monthly, and
daily. When compounded annually, the interest is added once per year at the end of the
year. When compounded monthly the interest is added in 12 times per year. When
computed daily, the interest is added 365 times per year. You do not have to worry
about leap years. Assume all years have 365 days. On annual interest, you can assume
that the interest is posted exactly one year from the date of deposit. In other words, you
do not have to worry about interest being posted on a specific day of the year, like
December 31.
Similarly, you can assume monthly interest is posted exactly one month after it in entered.
Since the account earns interest on the interest, the account should have a higher balance
when interest is posted more frequently. Be sure to adjust the interest rate for the time
period of the interest. If the rate is 5%, then when posting monthly interest, you use
(5/12%).When posting daily interest, you use (5/365)%. Do your calculations using a loop
that adds in the interest for each time period. (Do not use some sort of algebraic formula).
Your program should have an outer loop that allows the user to repeat this calculation for a
new balance and interest rate. The calculation is repeated until the user indicates that
she/he wants to end the program.
2. For you, which is preferably the most convenient control structure to be used in comparisons,
IF-ELSE or SWITCH?
For me, SWITCH is my preferred choice since it is easier for me to understand and to be honest
using the word IF in a control structure feels weird for me. But with SWITCH, the word
itself is a good fit to what the structure does.