Question

At one college, the tuition for a full-time student is $6,000 per semester. It has been announced that the tuition will increase by 2 percent each year for the next five years. Design a program with a FOR loop that displays the projected semester tuition amount for the next five years. You will implement this program using Javascript. Use repl.it and export your code into a zip file. Upload the zip file to this assignment.

Answer 1

Answer:

1. var projected_fee = 6000;  
3. for(var i = 1; i <= 5; i++){
4.    projected_fee = projected_fee * 0.02 + projected_fee;
5.    console.log("$" + projected_fee.toFixed(2));
6. }

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