In this video we use VB.net Functions to return the result of a calculation of the compound interest. I demonstrate how to call the functions manually, as well as how to automate the calls using a loop
Suppose a fixed amount of money is deposited at the beginning of each month into a savings account paying 6% interest compounded monthly. After each deposit is made, [new balance] = 1.005% * [previous balance one month ago] + [fixed amount].
Write a program that requests the fixed amount of the deposits as input and displays the balance after each of the first four deposits.
DOWNLOAD SOURCE CODE: GrowthInvestment