An investment company guarantees a 2% monthly compounded return on your investment. You want to see how long it takes to reach a total of $500,000 dollars in investment plus return. Write a program that allows the user to enter a continuous monthly investment (Example - $200 every month) or ($600 every month). The program should call a recursive method that returns and displays the total months needed to reach the $500,000 dollar goal. Example - At the 2% compounded monthly rate, and a $400 continuous monthly investment, the first month the user makes $8 interest and has $408.00 dollars, the second month the user adds $400 and makes $16.16 interest and now has $824.16, the third month the user adds $400 and makes $24.48 in interest and now has $1,248.64 dollars, etc. Display how many total months it takes the user to reach the $500,000 dollar goal. Remember, the user should be able to input the continuous monthly investment. The rate is always 2% and compounded monthly.

the benefits of raising bc’s minimum wage to $15 through a

series of pre-announced staged increases far outweigh the likely

costs. claims that such an increase will lead to massive job losses

in low-wage sectors of the economy are not credible.

• an increase to $15 would result in some job losses. however,

the likely impact is less than a 1 per cent reduction in the overall

provincial employment rate, and a 7.6 per cent reduction in the

employment rate for those currently making between $10.25

and $15 per hour.

• the large job loss impacts predicted by some opponents of

minimum wages misrepresent the existing economic research. in

reading and using that research, it is important to recognize that

estimates showing job loss effects of minimum wage increases

apply only to teenagers. estimated effects for young adult and

adult workers range from insignificant to non-existent.

• focusing on teenage workers plays up an inaccurate stereotype

about who earns very low wages in bc and leads to exaggerated

claims about job losses. only 26 per cent of those currently making

between $10.25 and $12 are teenagers, and only 5 per cent

of those making between $12 and $15 are teenagers.