Hi I am very new to C++ and I was told to make a program that start with the ammount you choose but it has compound interest of 6% a year (0.5% a month) and you take out 500 dollars a month, at what months and years would the account be depleted...
I started by
#include <iostream>
using namespace std; //introduces namespace std
int main()
{
float ibalance;
int month, year, interest, withdrawn;
//inputting balance
cout << "Enter Balance: ";
cin >> ibalance;
//starting of loop for month
for (month= 0; month < 12; month++);
cout << month << endl;
return 0
}
I am very lost on how to put interest and withdrawn and with with the Year loop... any tips on how i can continue?