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A C++ program calculates the overall loan repayment amount to the bank, with a loan value of £10,000, and the loan term and interest rate entered by the user. The result is stored in the existing data file: 'repayment.txt". a) Write a function repay(float rate, float years, float& repayment), which calculates the overall repayment to the bank. Note that the parameters rate and years are inward, while the parameter repayment is outward. Use the following formula to calculate the repayment amount: repayment = loan_amount" (1+interest_rate)s Write a main function, which uses a 'while' loop to ask the user to input the necessary data: loan term (years) and interest rate. Each time in the loop, if the year value is 0, the program should exit; otherwise, it should ask the user to input interest rate, then call the function repay to calculate the repayment and output the loan term (years), interest rate and overall repayment values into the file repayment.txt'.

A C++ program calculates the overall loan repayment amount to the bank, with a loan value of £10,000, and the loan term and interest rate entered by the user. The result is stored in the existing data file: 'repayment.txt". a) Write a function repay(float rate, float years, float& repayment), which calculates the overall repayment to the bank. Note that the parameters rate and years are inward, while the parameter repayment is outward. Use the following formula to calculate the repayment amount: repayment = loan_amount" (1+interest_rate)s Write a main function, which uses a 'while' loop to ask the user to input the necessary data: loan term (years) and interest rate. Each time in the loop, if the year value is 0, the program should exit; otherwise, it should ask the user to input interest rate, then call the function repay to calculate the repayment and output the loan term (years), interest rate and overall repayment values into the file repayment.txt'.

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Re Q2. A C++ program calculates the overall loan repayment amount to the bank, with a loan value of £10,000, and the loan term and interest rate entered by the user. The result is stored in the existing data file: repayment.bxt'. a) Write a function repay(foat rate, float years, float& repayment), which calculates the overall repayment to the bank. Note that the parameters rate and years are inward, while the parameter repayment is oulward. Use the following formula to calculate the repayment amount: repayment = loan_amount" (1+interest_rate)** b) necessary data: loan term (years) and interest rate. Each time in the loop, if the year value is 0, the program should exit; otherwise, it should ask the user to input interest rate, then call the function repay to calculate the repayment and output the loan term (years), interest rate and overall repayment values into the file 'repayment.txt. Write a main function, which uses a 'while' loop to ask the user to input the
Transcribed Image Text:Re Q2. A C++ program calculates the overall loan repayment amount to the bank, with a loan value of £10,000, and the loan term and interest rate entered by the user. The result is stored in the existing data file: repayment.bxt'. a) Write a function repay(foat rate, float years, float& repayment), which calculates the overall repayment to the bank. Note that the parameters rate and years are inward, while the parameter repayment is oulward. Use the following formula to calculate the repayment amount: repayment = loan_amount" (1+interest_rate)** b) necessary data: loan term (years) and interest rate. Each time in the loop, if the year value is 0, the program should exit; otherwise, it should ask the user to input interest rate, then call the function repay to calculate the repayment and output the loan term (years), interest rate and overall repayment values into the file 'repayment.txt. Write a main function, which uses a 'while' loop to ask the user to input the
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