Name: ____________________________________________________________

Objective: For Loops

In this program you will create a program that tracks the value of an investment as it earns interest over a number of years. If you recall from Algebra one, the value of an an amount of money increases according to the folowing formula:

Value = Principal X (1 + rate)^year

where Principle is the amount of money that the account starts with; rate is the interest rate in decimal, and year is the number of years the account has been opened.

Instructions:

1. Create a project called Interest
2. Create a form with the following:
1. Three text boxes labeled Principal, Interest Rate, and Years
2. A tall label field
3. A button labeled calculate
3. When the user clicks the button, your program should do the following
1. Compute value of the account for each year from year 0 to the the year entered in the Years text box.
2. Display a list of the computed values in the label

Design Considerations

• Make sure your program checks for invalid values in the text boxes
• You will use a for loop to generate the values. The loop's counter will be the current year you use in the value calculation.
• Each calculation in the loop will be added onto the label field 

Grading

Notes