₦airaland Forum

Hello C# Programmers, Here is an assignment given to a friend of mine to solve.

Question 1:
The Pension Scheme: Currently, the governments are running away from funding expenses of pensioners. Pensioners have to save fraction of their income and get it back when they have retired. Since this money can be safely invested, it attracts an interest. This interest is accumulated annually. Consider a worker who starts by saving 30 currency points every month and he/she gets an interest of 12% every year and has to work for an extra 35 years. Write a program that shows his/her statement of accounts.

Question 2:-
Adjusted Pension Scheme: Consider in (2) above a case where the annual interest is actually randomly varying between 10 and 16%. Also consider a case where the interest is to get the purchase value at retirement. The annual savings therefore suffer a value reduction equal to the average inflation of the year. This inflation is also a random number between 5 and 9 percent. Write a program that finds the accumulated value after 35 years.


Thanks