The DecBalance Variable Contains the Number 1368

question 14

Short Answer

The decBalance variable contains the number 1368.52.Write the assignment statement to display the value with a dollar sign,a thousands separator,and two decimal places in the lblBalance control.

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Definitions:

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal at the end of each month, leading to an increase in the amount of future interest.

Compounded Quarterly

The method of calculating interest by adding the interest to the principal amount on a quarterly basis, which then earns additional interest in the subsequent quarters.

Monthly Deposits

Regular amounts of money deposited into an account or investment at monthly intervals.

Monthly Deposits

Regular payments or investments made into a particular account or scheme every month.