Answer:
- var projected_fee = 6000;
-
- for(var i = 1; i <= 5; i++){
- projected_fee = projected_fee * 0.02 + projected_fee;
- console.log("$" + projected_fee.toFixed(2));
- }
Explanation:
Firstly, create a variable, projected_fee, and set the initial tuition fee value to it (Line 1).
Next, user a for loop that run for 5 times to repeatedly calculate the projected_fee based on 2 percent of increment rate (Line 4) and display the projected fee to console terminal (Line 5). The output should be
$6120.00
$6242.40
$6367.25
$6494.59
$6624.48
