-s is optional and means that the mortgage will be a 15 year mortgage instead of the standard 30 year mortgage you would use as a default. -r is required and the argument is the yearly interest rate for the loan. The interest rate should be between 3% and 10% inclusive. -d is optional and the argument is the downpayment that will be made on the loan. It cannot be larger than the price of the home. You will print out the resulting payment amount as follows. Use rounding to keep money to two decimals and percentages to three decimals. "The payment on a loan of $###,###.## with an interest rate of #.###% for a term of ## years will be $##,###.##" There should be no other output at all to the screen. 1. 0.004166667 2. 1.004166667 3. 360 4. 0.2238265956 5. 0.7762 6. 0.00536822 7. 536.82 Add PMI since there is no down payment: 1. 1% * 100000 = 1000 2. 1000 / 12 = 83.33 3. 536.82 + 83.33 = 620.15
-s is optional and means that the mortgage will be a 15 year mortgage instead of the standard 30 year mortgage you would use as a default.
-r is required and the argument is the yearly interest rate for the loan. The interest rate should be between 3% and 10% inclusive.
-d is optional and the argument is the downpayment that will be made on the loan. It cannot be larger than the price of the home.
You will print out the resulting payment amount as follows. Use rounding to keep money to two decimals and percentages to three decimals.
"The payment on a loan of $###,###.## with an interest rate of #.###% for a term of ## years will be $##,###.##"
There should be no other output at all to the screen.
1. 0.004166667
2. 1.004166667
3. 360
4. 0.2238265956
5. 0.7762
6. 0.00536822
7. 536.82
Add PMI since there is no down payment:
1. 1% * 100000 = 1000
2. 1000 / 12 = 83.33
3. 536.82 + 83.33 = 620.15
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