Hi, I have this project to do
Earl and Larry each begin full-time jobs in January 2013 and plan to retire in January 2061 after working 48 years. Assume that any money they deposit into IRAs earn 4% interest compounded annually. Earl opens a traditional IRA account immediately and deposits $5000 into his account at the end of each year for fifteen years. After that he plans to make no further deposits and just let the money earn interest. Larry plans to wait fifteen years before opening his traditional IRA and the deposit $5000 into the account at the end of each year until he retires.
You are to write a program that calculates the amount in Earl and Larrys IRA accounts after 48 years.
(4 textboxes, 1 button, and 6 labels)
I do not know how and where to start. Could any one helps me with this or at least gives an example?
Thanks
Earl and Larry each begin full-time jobs in January 2013 and plan to retire in January 2061 after working 48 years. Assume that any money they deposit into IRAs earn 4% interest compounded annually. Earl opens a traditional IRA account immediately and deposits $5000 into his account at the end of each year for fifteen years. After that he plans to make no further deposits and just let the money earn interest. Larry plans to wait fifteen years before opening his traditional IRA and the deposit $5000 into the account at the end of each year until he retires.
You are to write a program that calculates the amount in Earl and Larrys IRA accounts after 48 years.
(4 textboxes, 1 button, and 6 labels)
I do not know how and where to start. Could any one helps me with this or at least gives an example?
Thanks