Mega Code Archive
Calculating compound interest
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Imports System
Public Class MainClass
Shared Sub Main(ByVal args As String())
Dim amount, principal As Decimal ' dollar amounts
Dim rate As Double ' interest rate
Dim year As Integer ' year counter
Dim output As String ' amount after each year
principal = 1000
rate = 0.05
output = "Year" & vbTab & "Amount on deposit" & vbCrLf
' calculate amount after each year
For year = 1 To 10
amount = principal * (1 + rate) ^ year
output &= year & vbTab & _
String.Format("{0:C}", amount) & vbCrLf
Next
' display output
Console.WriteLine("Compound Interest" & output)
End Sub
End Class
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