bwBASIC/BP100/MULTMON.OUT

         MONEY MULTIPLIER

THIS PROGRAM COMPUTES HOW LONG IT WILL TAKE AN INVESTOR
TO DOUBLE,TRIPLE, MULTIPLY BY 4, ETC.  HIS/HER MONEY INVESTED
AT A KNOWN INTEREST RATE.

COMPUTATIONS MAY BE DONE WHEN RATES ARE QUOTED ANNUALYY OR
PER PERIOD(TIME BETWEEN COMPOUNDINGS). IN THE ANNUAL CASE
IT IS NECESSARY TO GIVE THE NUMBER OF TIMES PER YEAR
INTEREST IS COMPOUNDED(NUMBER OF INTEREST PERIODS).

PRESS ENTER TO BEGIN ? 
      DOUBLE MONEY MENU

0. QUIT
1. INTEREST RATES & TIME MEASURED ANNUALLY
2. INTEREST RATES & TIME MEASURED BY PERIOD

ENTER YOUR CHOICE? 1
ENTER ANNUAL INTEREST RATE IN %, E.G. 5% ENTERED AS 5? 3.75

WE NOW WANT THE NUMBER OF COMPOUNDING PERIODS PER YEAR.
IF THIS IS DAILY THEN SOME BANKS USE 360 & SOME 365
ENTER NUMBER? 12

ENTER THE FACTOR BY WHICH YOU DESIRE TO INCREASE YOUR FUNDS.
E.G. TO DOUBLE INPUT 2,TRIPLE 3, ETC. ? 10



INTEREST RATE & TIME MEASURED ANNUALLY

ANNUAL INTEREST RATE EQUALS  3.75 PER CENT
INTEREST COMPOUNDED  12 TIMES PER YEAR

TIME NECESSARY TO MULTIPLY ACCOUNT BY 10 EQUALS  61.4982 YEARS

ACTUALLY THIS TAKES BETWEEN  737  AND 738  INTEREST PERIODS
OR BETWEEN  61.4167  AND 61.5  YEARS
 THE EXACT AMOUNT OF TIME NEEDED DEPENDS UPON HOW INTEREST
IS CREDITED WITHIN AN INTEREST PERIOD.

ENTER Y FOR MORE COMPUTATIONS, N TO END ? Y
      DOUBLE MONEY MENU

0. QUIT
1. INTEREST RATES & TIME MEASURED ANNUALLY
2. INTEREST RATES & TIME MEASURED BY PERIOD

ENTER YOUR CHOICE? 2
ENTER INTEREST RATE PER PERIOD IN % ,E.G. 5% ENTERED AS 5? 1.25

ENTER THE FACTOR BY WHICH YOU DESIRE TO INCREASE YOUR FUNDS.
E.G. TO DOUBLE INPUT 2,TRIPLE 3, ETC. ? 3



INTEREST RATE AND TIME MEASURED PER PERIOD

PER PERIOD INTEREST RATE EQUALS  1.25 PER CENT

TIME NEEDED TO MULTIPLY ACCOUNT BY 3 EQUALS  88.4372  INTEREST PERIODS

ACTUALLY THIS TAKES BETWEEN  88 AND 89 INTEREST PERIODS
 THE EXACT AMOUNT OF TIME NEEDED DEPENDS UPON HOW INTEREST
IS CREDITED WITHIN AN INTEREST PERIOD.

ENTER Y FOR MORE COMPUTATIONS, N TO END ? Y
      DOUBLE MONEY MENU

0. QUIT
1. INTEREST RATES & TIME MEASURED ANNUALLY
2. INTEREST RATES & TIME MEASURED BY PERIOD

ENTER YOUR CHOICE? 0