PROGRAMMING EXERCISE

Millionaire

Write a program that will allow a user to enter an initial amount in a savings account and an interest rate that will be compounded annually.  Have your program figure out how many years it will take for the user to become a millionaire.

Notes

· Make sure you convert the interest rate to a percentage by dividing by 100 (for example, if the user enters "7", convert that to .07).

· To increase a value by a certain percentage, you should multiply by 1 + that percentage.  For example, to increase an amount by 7%, multiply it by 1.07.

A sample run is shown below:

Download the solution for this project here.