Expenses and account balance assume the balance starts graph over time

INSTRUCTIONS:

1. No material may be copied from original sources, even if referenced correctly, unless it is a direct quote indicated with quotation marks. No more than 10% of the assignment may consist of direct quotes.

Follow all instructions on the assignment cover sheet. 7.

8. This is an individual assignment.

Siphiwe was worried that he might not be able to maintain his lifestyle if he had to pay for everything himself. What would he have to sacrifice to make ends meet? He didn’t even have a girlfriend yet, and if he couldn’t go out anymore, how would he ever find her? And even worse, if he did find her, how would he keep her without any money to spend on her? The myriad questions were spinning around in his head with no end in sight.

You pointed out to him that he needed some hard data. Without data he couldn’t know if he even had financial trouble looming, let alone what he could do to improve his situation if he did.

This Portfolio of Evidence consists of three parts – two tasks submitted during the semester and a final submission at the end of the semester. The tasks build on one another, so make sure that you keep a copy of your work in a safe place.

The requirements of real software projects frequently do change, often in quite unexpected ways. Here you have the benefit of knowing what all the requirements are going to be in advance. So, make use of the opportunity! Reading all three tasks before starting with the first one will minimise any reworking for later tasks.

Learning Unit: All

1. The user shall be able to choose to save up a specified amount by a certain date for a specified reason, e.g. save R100 000 for an honours degree over five years. Given the interest rate that will be earned on the savings, calculate how much the monthly saving should be to reach the goal.

OR